Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 182,938 shares of the semiconductor company’s stock after selling 2,372 shares during the quarter. Amalgamated Bank’s holdings in Texas Instruments were worth $37,790,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tsfg LLC lifted its holdings in shares of Texas Instruments by 82.0% during the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 82 shares during the last quarter. McClarren Financial Advisors Inc. acquired a new position in shares of Texas Instruments in the third quarter worth about $43,000. Friedenthal Financial purchased a new position in shares of Texas Instruments in the second quarter worth approximately $50,000. Baldwin Brothers LLC MA raised its holdings in shares of Texas Instruments by 121.3% during the second quarter. Baldwin Brothers LLC MA now owns 301 shares of the semiconductor company’s stock valued at $59,000 after acquiring an additional 165 shares during the period. Finally, Key Financial Inc lifted its position in shares of Texas Instruments by 46.9% in the 2nd quarter. Key Financial Inc now owns 313 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of Texas Instruments stock opened at $203.66 on Tuesday. Texas Instruments Incorporated has a 1 year low of $143.08 and a 1 year high of $214.66. The firm’s 50-day moving average is $203.72 and its 200 day moving average is $197.33. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.31 and a quick ratio of 3.14. The stock has a market cap of $185.78 billion, a price-to-earnings ratio of 37.86, a PEG ratio of 4.48 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last released 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 firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same period last year, the business posted $1.80 EPS. Sell-side analysts anticipate that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a $1.36 dividend. The ex-dividend date is Thursday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.30. This represents a $5.44 dividend on an annualized basis and a yield of 2.67%. Texas Instruments’s payout ratio is currently 101.12%.

Wall Street Analyst Weigh In

TXN has been the subject of several research analyst reports. Citigroup upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $200.00 to $235.00 in a research report on Wednesday, August 21st. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $172.00 to $200.00 and gave the company a “hold” rating in a research report on Thursday, July 18th. Truist Financial reduced their price objective on shares of Texas Instruments from $198.00 to $190.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley lifted their price objective on Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Finally, Mizuho set a $200.00 price objective on shares of Texas Instruments in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $206.95.

Insider Transactions at Texas Instruments

In other news, CAO Julie C. Knecht sold 7,764 shares of Texas Instruments stock in a transaction dated Friday, August 23rd. The stock was 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 of the company’s stock, valued at approximately $2,473,238.94. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Julie C. Knecht sold 7,764 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.36. Following the completion of the sale, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $208.91, for a total transaction of $588,290.56. Following the completion of the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,548 shares of company stock valued at $5,341,235. 0.68% of the stock is currently owned by corporate insiders.

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.