American National Bank & Trust Sells 2,928 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

American National Bank & Trust decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 11,006 shares of the semiconductor company's stock after selling 2,928 shares during the quarter. American National Bank & Trust's holdings in Texas Instruments were worth $1,978,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Czech National Bank grew its holdings in Texas Instruments by 5.7% during the 1st quarter. Czech National Bank now owns 209,089 shares of the semiconductor company's stock worth $37,573,000 after acquiring an additional 11,302 shares during the last quarter. Mechanics Bank Trust Department grew its holdings in Texas Instruments by 6.2% during the 1st quarter. Mechanics Bank Trust Department now owns 5,175 shares of the semiconductor company's stock worth $930,000 after acquiring an additional 300 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Texas Instruments by 6.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 25,330 shares of the semiconductor company's stock worth $4,552,000 after acquiring an additional 1,445 shares during the last quarter. Investors Research Corp grew its holdings in Texas Instruments by 10.3% during the 1st quarter. Investors Research Corp now owns 965 shares of the semiconductor company's stock worth $173,000 after acquiring an additional 90 shares during the last quarter. Finally, St. Louis Financial Planners Asset Management LLC grew its holdings in Texas Instruments by 30.5% during the 1st quarter. St. Louis Financial Planners Asset Management LLC now owns 13,976 shares of the semiconductor company's stock worth $2,512,000 after acquiring an additional 3,263 shares during the last quarter. Institutional investors own 84.99% of the company's stock.

Texas Instruments Stock Up 0.5%

Shares of NASDAQ:TXN traded up $0.92 during trading on Thursday, reaching $191.64. 2,575,719 shares of the stock were exchanged, compared to its average volume of 6,319,506. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.39. The stock has a fifty day moving average of $168.37 and a two-hundred day moving average of $182.34. The firm has a market cap of $174.10 billion, a price-to-earnings ratio of 36.92, a price-to-earnings-growth ratio of 3.30 and a beta of 0.97.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. The business had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the company earned $1.10 EPS. The firm's revenue was up 11.1% compared to the same quarter last year. Research analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.84%. Texas Instruments's dividend payout ratio is 103.23%.

Analyst Ratings Changes

A number of research analysts have issued reports on TXN shares. Mizuho set a $170.00 target price on shares of Texas Instruments in a research report on Thursday, April 24th. KeyCorp cut their target price on shares of Texas Instruments from $250.00 to $215.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Truist Financial cut their target price on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Seaport Res Ptn upgraded shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Finally, Robert W. Baird upgraded shares of Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a research report on Monday, April 7th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $189.41.

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.