Wolf Group Capital Advisors trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 82.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,569 shares of the semiconductor company’s stock after selling 11,977 shares during the period. Wolf Group Capital Advisors’ holdings in Texas Instruments were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently bought and sold shares of the company. Promus Capital LLC acquired a new position in Texas Instruments in the 4th quarter worth about $25,000. Summit Securities Group LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth about $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments during the 4th quarter worth about $30,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments during the 1st quarter worth about $34,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Down 0.8%
NASDAQ TXN opened at $197.69 on Wednesday. The stock has a fifty day moving average of $174.54 and a 200-day moving average of $182.01. The stock has a market capitalization of $179.60 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 3.24 and a beta of 1.00. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $220.39. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 2.75%. Texas Instruments’s dividend payout ratio is currently 103.23%.
Analysts Set New Price Targets
Several brokerages recently weighed in on TXN. Summit Insights downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Benchmark decreased their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Citigroup increased their target price on Texas Instruments from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, June 9th. KeyCorp cut their price target on Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Finally, Wells Fargo & Company upped their price target on Texas Instruments from $175.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $190.55.
View Our Latest Research Report on TXN
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.
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