Atlantic Union Bankshares Corp Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

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Atlantic Union Bankshares Corp decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 18,059 shares of the semiconductor company’s stock after selling 609 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Texas Instruments were worth $2,579,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of TXN. Bridge Creek Capital Management LLC lifted its holdings in Texas Instruments by 15.1% in the third quarter. Bridge Creek Capital Management LLC now owns 6,605 shares of the semiconductor company’s stock valued at $943,000 after acquiring an additional 865 shares during the period. IFM Investors Pty Ltd grew its stake in shares of Texas Instruments by 11.2% during the 3rd quarter. IFM Investors Pty Ltd now owns 76,287 shares of the semiconductor company’s stock valued at $10,893,000 after purchasing an additional 7,705 shares during the period. Sanders Morris Harris LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at about $929,000. Mission Wealth Management LP lifted its stake in shares of Texas Instruments by 1.3% in the 3rd quarter. Mission Wealth Management LP now owns 7,631 shares of the semiconductor company’s stock worth $1,090,000 after purchasing an additional 95 shares during the period. Finally, Stokes Capital Advisors LLC boosted its holdings in shares of Texas Instruments by 1.9% in the third quarter. Stokes Capital Advisors LLC now owns 29,896 shares of the semiconductor company’s stock worth $4,269,000 after buying an additional 566 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Several research analysts have weighed in on the stock. Barclays increased their price target on shares of Texas Instruments from $105.00 to $120.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Morgan Stanley raised their target price on Texas Instruments from $108.00 to $116.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Mizuho boosted their price target on Texas Instruments from $127.00 to $165.00 and gave the company a “neutral” rating in a report on Friday. Bank of America upped their price target on Texas Instruments from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Oppenheimer boosted their price objective on Texas Instruments from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $139.38.

In other news, Director Jean M. Hobby sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $130.55, for a total transaction of $195,825.00. Following the sale, the director now directly owns 4,391 shares in the company, valued at approximately $573,245.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Amichai Ron sold 8,530 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $135.22, for a total transaction of $1,153,426.60. Following the completion of the transaction, the vice president now directly owns 32,997 shares of the company’s stock, valued at approximately $4,461,854.34. The disclosure for this sale can be found here. Insiders have sold a total of 236,495 shares of company stock worth $31,419,345 over the last ninety days. Insiders own 0.73% of the company’s stock.

NASDAQ TXN traded up $0.57 on Friday, reaching $153.12. The company had a trading volume of 4,600,667 shares, compared to its average volume of 5,448,173. The stock has a market capitalization of $140.25 billion, a PE ratio of 28.73, a price-to-earnings-growth ratio of 2.89 and a beta of 1.14. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $155.88. The company has a quick ratio of 2.94, a current ratio of 3.92 and a debt-to-equity ratio of 0.82. The firm’s 50 day moving average price is $142.37 and its 200 day moving average price is $127.12.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $2.96 billion. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. During the same period in the previous year, the firm posted $1.36 earnings per share. On average, research analysts expect that Texas Instruments Incorporated will post 5.05 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be paid a $1.02 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.90. The ex-dividend date is Thursday, October 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.66%. Texas Instruments’s payout ratio is presently 68.70%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

Further Reading: Technical Analysis

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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