Cutler Investment Counsel LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cutler Investment Counsel LLC trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 63,598 shares of the semiconductor company’s stock after selling 1,931 shares during the period. Texas Instruments makes up approximately 1.7% of Cutler Investment Counsel LLC’s portfolio, making the stock its 21st biggest holding. Cutler Investment Counsel LLC’s holdings in Texas Instruments were worth $13,137,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Tsfg LLC raised its stake in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Texas Instruments during the third quarter valued at approximately $39,000. McClarren Financial Advisors Inc. purchased a new stake in Texas Instruments during the third quarter valued at $43,000. Friedenthal Financial bought a new position in shares of Texas Instruments in the 2nd quarter worth approximately $50,000. Finally, Baldwin Brothers LLC MA boosted its stake in shares of Texas Instruments by 121.3% during the 2nd quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 165 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, CEO Haviv Ilan sold 1,200 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $209.44, for a total value of $251,328.00. Following the completion of the sale, the chief executive officer now owns 158,676 shares of the company’s stock, valued at approximately $33,233,101.44. This represents a 0.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The trade was a 10.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,548 shares of company stock valued at $5,341,235 in the last ninety days. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the topic of a number of research analyst reports. Barclays lowered their price target on Texas Instruments from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $230.00 price target on shares of Texas Instruments in a report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of Texas Instruments in a research report on Wednesday, October 23rd. Bank of America reduced their price target on shares of Texas Instruments from $220.00 to $215.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $206.95.

Texas Instruments Stock Down 2.4 %

TXN stock traded down $4.88 during midday trading on Friday, hitting $201.12. 5,970,371 shares of the company’s stock were exchanged, compared to its average volume of 5,504,648. The company has a current ratio of 4.31, a quick ratio of 3.14 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $183.47 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 4.50 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $150.81 and a 12-month high of $220.38. The firm has a 50 day moving average price of $204.39 and a 200-day moving average price of $199.46.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $4.15 billion during the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. On average, analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current year.

Texas Instruments Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st were given a $1.36 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.70%. Texas Instruments’s dividend payout ratio (DPR) is currently 101.12%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.