Patron Partners LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,863 shares of the semiconductor company’s stock after buying an additional 169 shares during the quarter. Patron Partners LLC’s holdings in Texas Instruments were worth $1,010,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in TXN. Acropolis Investment Management LLC lifted its stake in Texas Instruments by 2.9% in the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 52 shares during the last quarter. Proathlete Wealth Management LLC increased its stake in shares of Texas Instruments by 1.4% in the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock worth $782,000 after purchasing an additional 53 shares in the last quarter. Trivium Point Advisory LLC raised its position in shares of Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 54 shares during the period. Trillium Asset Management LLC lifted its stake in shares of Texas Instruments by 2.8% during the 1st quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company’s stock valued at $377,000 after buying an additional 57 shares in the last quarter. Finally, Aspen Investment Management Inc boosted its holdings in Texas Instruments by 1.6% in the 1st quarter. Aspen Investment Management Inc now owns 3,695 shares of the semiconductor company’s stock worth $664,000 after buying an additional 58 shares during the period. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Texas Instruments stock opened at $182.04 on Friday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The firm’s fifty day moving average price is $191.25 and its 200-day moving average price is $185.63. The stock has a market cap of $165.50 billion, a P/E ratio of 33.34, a price-to-earnings-growth ratio of 3.01 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 99.63%.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. KeyCorp boosted their target price on shares of Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Stifel Nicolaus increased 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. Truist Financial raised their target price on Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a research note on Wednesday, July 23rd. Finally, UBS Group set a $255.00 price target on Texas Instruments in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $213.82.
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.
Texas Instruments Profile
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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