MGO One Seven LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 219.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 40,324 shares of the semiconductor company’s stock after purchasing an additional 27,688 shares during the quarter. MGO One Seven LLC’s holdings in Texas Instruments were worth $8,372,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Woodmont Investment Counsel LLC increased its holdings in shares of Texas Instruments by 2.9% in the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 47 shares in the last quarter. Confluence Wealth Services Inc. increased its stake in Texas Instruments by 0.4% during the 2nd quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $2,283,000 after purchasing an additional 48 shares in the last quarter. Acropolis Investment Management LLC increased its stake in Texas Instruments by 2.9% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 52 shares in the last quarter. Proathlete Wealth Management LLC increased its position in shares of Texas Instruments by 1.4% during the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock worth $782,000 after acquiring an additional 53 shares in the last quarter. Finally, Trivium Point Advisory LLC increased its position in shares of Texas Instruments by 4.5% during the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock worth $226,000 after acquiring an additional 54 shares in the last quarter. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
Shares of NASDAQ TXN opened at $171.70 on Monday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The stock has a 50 day moving average of $188.26 and a 200-day moving average of $185.76. The company has a market capitalization of $156.10 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.80 and a beta of 1.01.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, October 31st. Texas Instruments’s dividend payout ratio is presently 104.03%.
Analysts Set New Price Targets
TXN has been the subject of a number of research reports. DZ Bank reiterated a “sell” rating and set a $158.00 target price on shares of Texas Instruments in a report on Wednesday, July 23rd. KeyCorp increased 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. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 23rd. Cowen reaffirmed a “hold” rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Finally, TD Cowen decreased their price target on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $213.82.
Get Our Latest Research Report on TXN
Insider Transactions at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction on 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 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 SEC, which is available through the SEC website. 0.57% of the stock is owned by company insiders.
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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