Madison Asset Management LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 10.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 608,305 shares of the semiconductor company’s stock after selling 69,573 shares during the period. Texas Instruments accounts for 1.5% of Madison Asset Management LLC’s investment portfolio, making the stock its 15th biggest holding. Madison Asset Management LLC’s holdings in Texas Instruments were worth $118,096,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of TXN. High Point Wealth Management LLC bought a new position in Texas Instruments during the fourth quarter valued at $25,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Texas Instruments in the second quarter valued at $25,000. Advocate Investing Services LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $284.07 on Tuesday. 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 has a market cap of $258.53 billion, a price-to-earnings ratio of 48.64, a PEG ratio of 1.42 and a beta of 1.32. The business’s fifty day moving average is $302.31 and its 200 day moving average is $244.71.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, July 31st. Texas Instruments’s dividend payout ratio is presently 97.26%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TXN. Citigroup reissued a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Monday. Susquehanna reiterated a “positive” rating and set a $300.00 target price on shares of Texas Instruments in a research report on Thursday, April 23rd. Mizuho lifted their target price on shares of Texas Instruments from $255.00 to $300.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 19th. Finally, HC Wainwright lowered shares of Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Thirteen investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $283.84.
Read Our Latest Research Report on TXN
Insider Transactions at Texas Instruments
In other Texas Instruments news, CEO Haviv Ilan sold 20,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 204,339 shares of the company’s stock, valued at $57,280,308.48. This represents a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Mark T. Roberts sold 28,080 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $280.34, for a total transaction of $7,871,947.20. Following the completion of the sale, the vice president directly owned 53,809 shares of the company’s stock, valued at $15,084,815.06. This trade represents a 34.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 303,475 shares of company stock worth $85,666,638. Company insiders own 0.60% of the company’s stock.
Texas Instruments Company 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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