Wedmont Private Capital cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,277 shares of the semiconductor company’s stock after selling 770 shares during the quarter. Wedmont Private Capital’s holdings in Texas Instruments were worth $1,142,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Swedbank AB lifted its position in Texas Instruments by 8.0% during the second quarter. Swedbank AB now owns 369,983 shares of the semiconductor company’s stock worth $76,816,000 after buying an additional 27,456 shares during the period. Sunflower Bank N.A. lifted its position in Texas Instruments by 4.7% during the second quarter. Sunflower Bank N.A. now owns 1,291 shares of the semiconductor company’s stock worth $268,000 after buying an additional 58 shares during the period. Stokes Capital Advisors LLC lifted its position in Texas Instruments by 3.1% during the second quarter. Stokes Capital Advisors LLC now owns 45,114 shares of the semiconductor company’s stock worth $9,367,000 after buying an additional 1,354 shares during the period. DLK Investment Management LLC lifted its position in Texas Instruments by 1.4% during the second quarter. DLK Investment Management LLC now owns 15,569 shares of the semiconductor company’s stock worth $3,233,000 after buying an additional 217 shares during the period. Finally, Chesley Taft & Associates LLC lifted its position in Texas Instruments by 1.4% during the second quarter. Chesley Taft & Associates LLC now owns 14,121 shares of the semiconductor company’s stock worth $2,932,000 after buying an additional 190 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
Shares of NASDAQ:TXN opened at $181.62 on Friday. The company has a market cap of $165.12 billion, a P/E ratio of 33.26, a PEG ratio of 2.94 and a beta of 1.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The business’s 50-day simple moving average is $194.96 and its 200 day simple moving average is $185.97.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a dividend of $1.42 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.1%. Texas Instruments’s dividend payout ratio (DPR) is presently 99.63%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
TXN has been the topic of a number of research reports. Benchmark restated a “buy” rating and issued a $220.00 price objective on shares of Texas Instruments in a report on Monday, September 8th. KeyCorp raised their price objective on Texas Instruments from $215.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, July 8th. Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Cowen restated a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. Finally, Citigroup restated a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $213.82.
View Our Latest Stock Analysis 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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