7,924 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Purchased by American National Bank & Trust Co. VA

American National Bank & Trust Co. VA acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 7,924 shares of the semiconductor company’s stock, valued at approximately $1,380,000.

Several other large investors also recently made changes to their positions in the company. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $25,000. Life Planning Partners Inc bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $26,000. Richardson Financial Services Inc. bought a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Scarborough Advisors LLC bought a new stake in Texas Instruments during the fourth quarter worth approximately $26,000. Finally, Westend Capital Management LLC bought a new stake in Texas Instruments during the first quarter worth approximately $31,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Up 0.3 %

Shares of TXN stock traded up $0.52 during trading hours on Thursday, hitting $198.94. 2,454,756 shares of the company were exchanged, compared to its average volume of 4,417,241. The business has a 50 day moving average of $192.03 and a two-hundred day moving average of $175.93. The company has a current ratio of 4.91, a quick ratio of 3.76 and a debt-to-equity ratio of 0.76. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $206.00. The company has a market capitalization of $181.13 billion, a PE ratio of 31.04, a PEG ratio of 4.30 and a beta of 0.99.

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

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend was Tuesday, May 7th. Texas Instruments’s dividend payout ratio (DPR) is currently 81.12%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on TXN. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 24th. Susquehanna raised their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, April 24th. Truist Financial raised their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. Mizuho upped their target price on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Barclays upped their target price on shares of Texas Instruments from $150.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $183.43.

Insider Activity at Texas Instruments

In related news, Director Pamela H. Patsley sold 9,990 shares of the firm’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total value of $1,789,408.80. Following the completion of the transaction, the director now owns 33,348 shares of the company’s stock, valued at $5,973,293.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Texas Instruments news, Director Robert E. Sanchez sold 10,539 shares of the stock in a transaction 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 $3,580,061.17. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Pamela H. Patsley sold 9,990 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $179.12, for a total transaction of $1,789,408.80. Following the completion of the sale, the director now owns 33,348 shares of the company’s stock, valued at approximately $5,973,293.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 328,969 shares of company stock valued at $58,427,984. Corporate insiders own 0.68% of the company’s stock.

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.