First National Corp MA ADV Boosts Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

First National Corp MA ADV grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,547 shares of the semiconductor company’s stock after acquiring an additional 264 shares during the period. First National Corp MA ADV’s holdings in Texas Instruments were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Bollard Group LLC raised its stake in shares of Texas Instruments by 4.6% in the 2nd quarter. Bollard Group LLC now owns 1,377 shares of the semiconductor company’s stock valued at $248,000 after acquiring an additional 60 shares during the period. Salem Investment Counselors Inc. grew its holdings in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 60 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Texas Instruments by 2.8% during the 1st quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 61 shares in the last quarter. Polar Capital Holdings Plc grew its holdings in Texas Instruments by 0.6% during the 1st quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock valued at $1,802,000 after purchasing an additional 63 shares in the last quarter. Finally, Abacus Planning Group Inc. grew its holdings in Texas Instruments by 3.7% during the 3rd quarter. Abacus Planning Group Inc. now owns 1,795 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TXN. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the company from $170.00 to $195.00 in a report on Friday, January 19th. Mizuho decreased their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $170.00 price objective on shares of Texas Instruments in a report on Monday, March 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a report on Tuesday, January 23rd. Finally, Truist Financial decreased their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a report on Friday, February 9th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $173.89.

Texas Instruments Stock Down 0.1 %

NASDAQ TXN opened at $172.76 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The company’s 50 day simple moving average is $166.42 and its 200 day simple moving average is $160.78. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a market capitalization of $157.22 billion, a P/E ratio of 24.47, a PEG ratio of 3.61 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The firm’s quarterly revenue was down 12.7% compared to the same quarter last year. During the same period last year, the firm posted $2.13 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, February 13th. Investors of record on Wednesday, January 31st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 3.01%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 73.65%.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at approximately $1,869,126.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.68% of the company’s stock.

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.