Daymark Wealth Partners LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,626 shares of the semiconductor company’s stock after buying an additional 284 shares during the period. Daymark Wealth Partners LLC’s holdings in Texas Instruments were worth $1,583,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Texas Instruments by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after purchasing an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Texas Instruments by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after purchasing an additional 428,356 shares during the last quarter. Invesco Ltd. increased its position in Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after purchasing an additional 2,257,086 shares during the last quarter. Finally, Northern Trust Corp increased its position in Texas Instruments by 0.9% during the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock worth $1,885,770,000 after purchasing an additional 95,980 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Price Performance
Shares of TXN opened at $160.26 on Thursday. The firm has a 50-day simple moving average of $183.64 and a two-hundred day simple moving average of $186.66. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The stock has a market cap of $145.62 billion, a PE ratio of 29.30, a P/E/G ratio of 3.18 and a beta of 1.01.
Texas Instruments Increases Dividend
The firm 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 $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.5%. Texas Instruments’s payout ratio is 99.45%.
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently issued reports on TXN. Truist Financial cut their price objective on shares of Texas Instruments from $196.00 to $175.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Wells Fargo & Company cut their price objective on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. dropped their price target on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Cowen reiterated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 22nd. Finally, DZ Bank reiterated a “sell” rating and set a $158.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $191.67.
View Our Latest Stock Report on TXN
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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