Enterprise Bank & Trust Co Has $1.46 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

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Enterprise Bank & Trust Co reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,216 shares of the semiconductor company’s stock after selling 414 shares during the quarter. Enterprise Bank & Trust Co’s holdings in Texas Instruments were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in TXN. Advisor Group Holdings Inc. acquired a new position in Texas Instruments during the 1st quarter worth approximately $16,929,000. Wedbush Securities Inc. boosted its holdings in shares of Texas Instruments by 3.1% in the 2nd quarter. Wedbush Securities Inc. now owns 6,500 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 194 shares during the last quarter. Cohen & Steers Inc. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $157,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Texas Instruments by 5.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 27,843 shares of the semiconductor company’s stock valued at $3,536,000 after buying an additional 1,440 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Texas Instruments by 14.5% in the 2nd quarter. Private Advisor Group LLC now owns 29,561 shares of the semiconductor company’s stock valued at $3,753,000 after buying an additional 3,741 shares during the last quarter. 82.91% of the stock is owned by institutional investors.

In related news, VP Darla H. Whitaker sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $138.52, for a total transaction of $5,540,800.00. Following the transaction, the vice president now directly owns 89,524 shares of the company’s stock, valued at approximately $12,400,864.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Carrie Smith Cox sold 26,905 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $130.00, for a total value of $3,497,650.00. Following the transaction, the director now directly owns 46,221 shares in the company, valued at $6,008,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,495 shares of company stock valued at $31,419,345. Corporate insiders own 0.73% of the company’s stock.

TXN has been the subject of several recent analyst reports. Charter Equity raised Texas Instruments from a “market perform” rating to a “market outperform” rating in a report on Wednesday, July 22nd. Credit Suisse Group increased their price objective on Texas Instruments from $140.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. 140166 raised their price target on Texas Instruments from $155.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Citigroup raised their price target on Texas Instruments from $138.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, July 22nd. Finally, Oppenheimer raised their price target on Texas Instruments from $150.00 to $170.00 and gave the company an “outperform” rating in a report on Friday. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $139.38.

NASDAQ:TXN traded up $0.57 during trading hours on Friday, reaching $153.12. The stock had a trading volume of 4,600,667 shares, compared to its average volume of 5,448,173. The company has a 50 day moving average price of $142.37 and a two-hundred day moving average price of $127.12. Texas Instruments Incorporated has a 52 week low of $93.09 and a 52 week high of $155.88. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.94 and a current ratio of 3.92. The stock has a market capitalization of $140.25 billion, a PE ratio of 28.73, a PEG ratio of 2.89 and a beta of 1.14.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. The firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $2.96 billion. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. During the same period in the previous year, the company posted $1.36 EPS. Equities research analysts predict that Texas Instruments Incorporated will post 5.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.66%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 29th. Texas Instruments’s payout ratio is presently 68.70%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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