Amalgamated Bank Sells 5,534 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Amalgamated Bank decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 185,310 shares of the semiconductor company’s stock after selling 5,534 shares during the quarter. Amalgamated Bank’s holdings in Texas Instruments were worth $36,048,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Texas Instruments by 0.6% in the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company’s stock worth $15,778,648,000 after purchasing an additional 536,206 shares in the last quarter. Capital Research Global Investors raised its holdings in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company’s stock worth $5,002,522,000 after purchasing an additional 1,279,828 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Texas Instruments by 6.2% during the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company’s stock valued at $1,158,495,000 after acquiring an additional 348,528 shares in the last quarter. FIL Ltd increased its holdings in shares of Texas Instruments by 6.6% during the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company’s stock valued at $828,764,000 after acquiring an additional 301,735 shares in the last quarter. Finally, Fayez Sarofim & Co increased its holdings in shares of Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company’s stock valued at $744,218,000 after acquiring an additional 104,806 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TXN shares. JPMorgan Chase & Co. raised their price target on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird raised their price target on Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Cantor Fitzgerald restated a “neutral” rating and set a $210.00 price target on shares of Texas Instruments in a report on Wednesday, August 21st. Barclays raised their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a report on Wednesday, July 24th. Finally, Truist Financial reduced their price target on Texas Instruments from $203.00 to $198.00 and set a “hold” rating for the company in a report on Wednesday, August 21st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $204.67.

Insider Activity

In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the transaction, the vice president now directly owns 24,112 shares of the company’s stock, valued at approximately $5,037,237.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $209.49, for a total value of $1,626,480.36. Following the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at approximately $2,473,238.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,558 shares of company stock valued at $3,255,323 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Texas Instruments Trading Up 1.5 %

Shares of NASDAQ:TXN opened at $201.39 on Wednesday. The stock has a market capitalization of $183.36 billion, a price-to-earnings ratio of 31.42, a PEG ratio of 4.26 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. The stock’s 50-day simple moving average is $200.66 and its two-hundred day simple moving average is $189.43. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $214.66.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $3.82 billion. During the same period last year, the firm posted $1.87 earnings per share. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.58%. Texas Instruments’s payout ratio is currently 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.