Burke & Herbert Bank & Trust Co. Sells 957 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Burke & Herbert Bank & Trust Co. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,867 shares of the semiconductor company’s stock after selling 957 shares during the period. Burke & Herbert Bank & Trust Co.’s holdings in Texas Instruments were worth $336,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Sittner & Nelson LLC raised its position in Texas Instruments by 892.9% in the 1st quarter. Sittner & Nelson LLC now owns 139 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 125 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $28,000. Coppell Advisory Solutions Corp. acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $30,000. Magellan Asset Management Ltd acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $32,000. Finally, Godsey & Gibb Inc. acquired a new stake in Texas Instruments in the 1st quarter valued at approximately $36,000. Institutional investors own 83.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the completion of the sale, the director now directly owns 32,662 shares in the company, valued at approximately $5,857,603.08. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Pamela H. Patsley sold 10,539 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $179.34, for a total transaction of $1,890,064.26. Following the completion of the sale, the director now directly owns 32,662 shares in the company, valued at approximately $5,857,603.08. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Carrie Smith Cox sold 16,055 shares of the company’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $180.04, for a total value of $2,890,542.20. Following the completion of the transaction, the director now directly owns 35,801 shares of the company’s stock, valued at approximately $6,445,612.04. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.

Texas Instruments Price Performance

Shares of NASDAQ:TXN traded up $0.53 during trading on Monday, reaching $163.15. 1,196,634 shares of the company traded hands, compared to its average volume of 5,088,575. The company’s 50 day moving average is $172.20 and its two-hundred day moving average is $173.18. The firm has a market capitalization of $148.13 billion, a PE ratio of 19.62, a PEG ratio of 2.42 and a beta of 1.03. The company has a quick ratio of 4.35, a current ratio of 5.72 and a debt-to-equity ratio of 0.69. Texas Instruments Incorporated has a 52 week low of $145.97 and a 52 week high of $188.12.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $4.53 billion during the quarter, compared to the consensus estimate of $4.37 billion. Texas Instruments had a return on equity of 50.90% and a net margin of 40.84%. The company’s revenue was down 13.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.45 EPS. As a group, sell-side analysts predict that Texas Instruments Incorporated will post 7.34 earnings per share for the current year.

Texas Instruments Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 15th. Stockholders of record on Monday, July 31st were given a dividend of $1.24 per share. The ex-dividend date was Friday, July 28th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 3.04%. Texas Instruments’s payout ratio is 59.62%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TXN shares. Rosenblatt Securities reaffirmed a “buy” rating and set a $230.00 price target on shares of Texas Instruments in a research report on Tuesday, July 25th. Stifel Nicolaus boosted their price target on Texas Instruments from $170.00 to $180.00 in a research report on Wednesday, July 26th. Truist Financial lowered their price target on Texas Instruments from $178.00 to $174.00 in a research report on Wednesday, July 26th. Wolfe Research started coverage on Texas Instruments in a research report on Wednesday, July 19th. They set a “peer perform” rating on the stock. Finally, Susquehanna reaffirmed a “positive” rating and set a $215.00 price target on shares of Texas Instruments in a research report on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $185.32.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. 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.