Envestnet Asset Management Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,770,572 shares of the semiconductor company’s stock after acquiring an additional 137,532 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Texas Instruments were worth $367,605,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Brighton Jones LLC grew its position in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Jaffetilchin Investment Partners LLC boosted its position in Texas Instruments by 5.3% during the first quarter. Jaffetilchin Investment Partners LLC now owns 1,717 shares of the semiconductor company’s stock valued at $308,000 after purchasing an additional 86 shares in the last quarter. Joel Isaacson & Co. LLC boosted its position in Texas Instruments by 2.8% during the first quarter. Joel Isaacson & Co. LLC now owns 4,466 shares of the semiconductor company’s stock valued at $803,000 after purchasing an additional 121 shares in the last quarter. WestEnd Advisors LLC boosted its position in Texas Instruments by 22.1% during the first quarter. WestEnd Advisors LLC now owns 197,341 shares of the semiconductor company’s stock valued at $35,462,000 after purchasing an additional 35,765 shares in the last quarter. Finally, Sovran Advisors LLC boosted its position in Texas Instruments by 50.9% during the first quarter. Sovran Advisors LLC now owns 3,753 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 1,266 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ TXN opened at $169.13 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The company has a market cap of $153.67 billion, a PE ratio of 30.92, a P/E/G ratio of 3.22 and a beta of 1.01. The business has a 50-day simple moving average of $185.53 and a two-hundred day simple moving average of $186.50. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.
Texas Instruments Increases Dividend
The company 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 represents a $5.68 dividend on an annualized basis and a dividend yield of 3.4%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio is presently 99.45%.
Insider Activity at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.57% of the stock is owned by company insiders.
Analyst Ratings Changes
TXN has been the topic of a number of recent research reports. KeyCorp raised their price objective on Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research report on Monday, July 28th. TD Cowen dropped their price objective on Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Texas Instruments in a research report on Friday. Finally, Seaport Res Ptn raised Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $191.67.
View Our Latest Stock Report on Texas Instruments
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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