Midwest Trust Co trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 22.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,779 shares of the semiconductor company’s stock after selling 3,130 shares during the period. Midwest Trust Co’s holdings in Texas Instruments were worth $2,093,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TXN. Swiss Life Asset Management Ltd grew its position in Texas Instruments by 10.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after purchasing an additional 50,808 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Texas Instruments during the 4th quarter worth about $640,000. K.J. Harrison & Partners Inc bought a new stake in Texas Instruments during the 4th quarter worth about $1,735,000. RNC Capital Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $2,751,000. Finally, Thrivent Financial for Lutherans boosted its stake in shares of Texas Instruments by 126.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after buying an additional 83,884 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 4.1%
Shares of TXN opened at $298.57 on Tuesday. The firm has a market cap of $271.73 billion, a P/E ratio of 51.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The firm’s 50-day simple moving average is $301.82 and its 200 day simple moving average is $240.59.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio (DPR) is presently 97.26%.
Wall Street Analysts Forecast Growth
TXN has been the subject of several analyst reports. UBS Group lifted their target price on Texas Instruments from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Weiss Ratings raised Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. HC Wainwright downgraded Texas Instruments to a “neutral” rating in a research note on Friday, May 22nd. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price target on shares of Texas Instruments in a research report on Thursday, April 23rd. Finally, Bank of America upped their price objective on Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $279.24.
Get Our Latest Report on Texas Instruments
Insider Buying and Selling
In related news, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $280.32, for a total value of $5,606,400.00. Following the completion of the transaction, the chief executive officer owned 204,339 shares of the company’s stock, valued at $57,280,308.48. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Amichai Ron sold 18,365 shares of the company’s stock in a transaction dated Friday, April 24th. The stock was sold at an average price of $272.43, for a total transaction of $5,003,176.95. Following the sale, the vice president directly owned 81,085 shares of the company’s stock, valued at $22,089,986.55. This represents a 18.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 303,475 shares of company stock valued at $85,666,638 in the last ninety days. Insiders own 0.60% of the company’s stock.
Texas Instruments Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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