Sigma Planning Corp grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 6.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,488 shares of the semiconductor company’s stock after buying an additional 786 shares during the quarter. Sigma Planning Corp’s holdings in Texas Instruments were worth $2,593,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of TXN. Kestra Private Wealth Services LLC increased its holdings in Texas Instruments by 10.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after purchasing an additional 6,267 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Texas Instruments by 35.1% during the 2nd quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock valued at $621,218,000 after buying an additional 777,619 shares during the last quarter. Howard Capital Management Inc. boosted its stake in shares of Texas Instruments by 11.3% during the 2nd quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock valued at $5,553,000 after buying an additional 2,709 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of Texas Instruments by 4.8% during the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after buying an additional 1,232 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC purchased a new position in shares of Texas Instruments during the 2nd quarter valued at approximately $326,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Trading Down 1.3%
NASDAQ:TXN opened at $159.36 on Wednesday. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. The business’s 50 day moving average is $180.12 and its two-hundred day moving average is $187.25. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a market cap of $144.80 billion, a PE ratio of 29.13, a P/E/G ratio of 3.05 and a beta of 1.01.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.6%. 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 payout ratio is currently 103.84%.
Analysts Set New Price Targets
Several research firms have recently commented on TXN. Stifel Nicolaus set a $170.00 target price on Texas Instruments in a research note on Wednesday, October 22nd. Bank of America cut Texas Instruments from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $208.00 to $190.00 in a research note on Monday, October 13th. Mizuho set a $145.00 target price on Texas Instruments in a research note on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Texas Instruments in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Two equities research 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 given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $191.67.
Get Our Latest Analysis on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
Texas Instruments Company 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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