 Wealth Management Associates Inc. reduced its stake in  Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 3,346 shares of the semiconductor company’s stock after selling 157 shares during the period. Wealth Management Associates Inc.’s holdings in Texas Instruments were worth $695,000 as of its most recent SEC filing.
Wealth Management Associates Inc. reduced its stake in  Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor  owned 3,346 shares of the semiconductor company’s stock after selling 157 shares during the period. Wealth Management Associates Inc.’s holdings in Texas Instruments were worth $695,000 as of its most recent SEC filing. 
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new stake in Texas Instruments in the first quarter valued at $28,000. Dagco Inc. bought a new stake in Texas Instruments in the first quarter valued at $32,000. CBIZ Investment Advisory Services LLC increased its stake in Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares in the last quarter. LGT Financial Advisors LLC increased its stake in Texas Instruments by 328.9% in the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 148 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in Texas Instruments during the 2nd quarter valued at $40,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
NASDAQ TXN opened at $166.91 on Wednesday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The firm has a market cap of $151.66 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 3.22 and a beta of 1.01. The company has a fifty day moving average price of $184.45 and a 200-day moving average price of $186.57.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is currently 99.45%.
Analysts Set New Price Targets
A number of analysts have commented on TXN shares. Citigroup decreased their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research note on Thursday, October 16th. Morgan Stanley set a $175.00 price target on shares of Texas Instruments in a research note on Wednesday, October 22nd. Bank of America lowered shares of Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $208.00 to $190.00 in a research note on Monday, October 13th. Stifel Nicolaus set a $170.00 price target on shares of Texas Instruments in a research note on Wednesday, October 22nd. Finally, Wells Fargo & Company decreased their price target on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $191.67.
Read Our Latest Stock Report on TXN
Insider Buying and Selling at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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