Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 13,519 shares of the semiconductor company’s stock after selling 419 shares during the period. Atlantic Union Bankshares Corp’s holdings in Texas Instruments were worth $2,355,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Texas Instruments by 0.5% in the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock worth $14,129,979,000 after purchasing an additional 458,853 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Texas Instruments by 6.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,048,334 shares of the semiconductor company’s stock valued at $3,398,637,000 after acquiring an additional 1,154,513 shares during the last quarter. Morgan Stanley lifted its holdings in Texas Instruments by 14.2% in the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Texas Instruments by 10.1% in the 4th quarter. Franklin Resources Inc. now owns 11,928,210 shares of the semiconductor company’s stock valued at $2,033,283,000 after acquiring an additional 1,095,303 shares during the last quarter. Finally, Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at about $1,649,592,000. Institutional investors own 84.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, April 24th. Citigroup upped their price objective on shares of Texas Instruments from $167.00 to $185.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Robert W. Baird upped their target price on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, April 25th. Susquehanna upped their target price on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, April 24th. Finally, Barclays upped their target price on Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, May 20th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $183.43.

Insider Activity

In other news, Director Pamela H. Patsley sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the transaction, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, Director Pamela H. Patsley sold 9,990 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $179.12, for a total value of $1,789,408.80. Following the sale, the director now owns 33,348 shares in the company, valued at approximately $5,973,293.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert E. Sanchez sold 10,539 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $174.97, for a total value of $1,844,008.83. Following the completion of the sale, the director now owns 20,461 shares in the company, valued at approximately $3,580,061.17. The disclosure for this sale can be found here. Insiders have sold 328,969 shares of company stock worth $58,427,984 in the last 90 days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Price Performance

Shares of TXN stock opened at $194.53 on Friday. The company has a quick ratio of 3.76, a current ratio of 4.91 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $206.00. The firm has a market cap of $177.12 billion, a price-to-earnings ratio of 30.35, a PEG ratio of 4.19 and a beta of 1.00. The stock has a 50-day moving average price of $190.26 and a 200 day moving average price of $175.16.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The firm had revenue of $3.66 billion for the quarter, compared to analysts’ expectations of $3.61 billion. During the same quarter last year, the business earned $1.85 earnings per share. The company’s revenue was down 16.4% compared to the same quarter last year. Research analysts expect that Texas Instruments Incorporated will post 5.13 EPS for the current year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Wednesday, May 8th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.67%. The ex-dividend date was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is presently 81.12%.

Texas Instruments Company Profile

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.