Pinnacle Wealth Planning Services Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 17.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,686 shares of the semiconductor company’s stock after purchasing an additional 393 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Texas Instruments were worth $558,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of TXN. Dagco Inc. bought a new position in Texas Instruments during the first quarter valued at approximately $32,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Texas Instruments by 67.6% during the 1st 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 during the last quarter. LGT Financial Advisors LLC raised its position in Texas Instruments by 328.9% in the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 148 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in Texas Instruments in the 2nd quarter worth $40,000. Finally, Peoples Financial Services CORP. bought a new stake in Texas Instruments in the second quarter worth $42,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of TXN stock opened at $157.32 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The firm has a market cap of $142.94 billion, a P/E ratio of 28.76, a P/E/G ratio of 3.05 and a beta of 1.02. The business’s 50 day moving average price is $173.06 and its 200-day moving average price is $187.44.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.6%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is 103.84%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the sale, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. The trade was a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $308,025.00. Following the completion of the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Stifel Nicolaus set a $170.00 price objective on Texas Instruments in a report on Wednesday, October 22nd. The Goldman Sachs Group reduced their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. lowered their price objective on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. Benchmark reissued a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. Finally, Morgan Stanley set a $175.00 target price on shares of Texas Instruments 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 assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $191.67.
View Our Latest Analysis 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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