According to a recent Form 13F filing submitted to the SEC, Washington Trust Bank disclosed a noteworthy new position in Texas Instruments Incorporated (NASDAQ: TXN) stock. Here’s what you need to know about Texas Instruments Incorporated, as well as Washington Trust Bank’s position in shares of TXN stock:
Washington Trust Bank
Spokane, Washington-based Washington Trust Bank Washington Trust Bank is an SBA Preferred Lender with flexible terms and a variety of loan programs, all backed by the Small Business Administration. Washington Trust Bank has over $700 million in assets under management. You can learn more about Washington Trust Bank on their website here.
Washington Trust Bank’s New Position in TXN Stock
According to the most recent 13F filing from Washington Trust Bank, the institutional investment manager added a meaningful position in Texas Instruments Incorporated (NASDAQ: TXN), with 64,715 shares, which represents approximately 0.0071% of the 907,571,986 total TXN shares outstanding. Based on TXN’s last closing price of $177.57 per share, Washington Trust Bank’s stake in TXN is worth approximately $11,491,442.55, assuming no change in the position size. If you’re not very familiar with Texas Instruments Incorporated, learn more below.
Texas Instruments Incorporated (NASDAQ: TXN)
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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products. This segment also provides signal chain products that sense, condition, and measure signals to allow information to be transferred or converted for further processing and control for use in end markets, including amplifiers, data converters, interface products, motor drives, clocks, and sensing products. The Embedded Processing segment offers microcontrollers that are used in electronic equipment; digital signal processors for mathematical computations; and applications processors for specific computing activity. This segment offers products for use in various markets, such as industrial, automotive, personal electronics, communications equipment, enterprise systems, and calculators and other. The company also provides DLP products primarily for use in projectors to create high-definition images; calculators; and application-specific integrated circuits. It markets and sells its semiconductor products through direct sales and distributors, as well as through its website. Texas Instruments Incorporated was founded in 1930 and is headquartered in Dallas, Texas.
Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Washington Trust Bank. Also be sure to check out more recent 13F filing analysis news here.