Hennion & Walsh Asset Management Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 98.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,216 shares of the semiconductor company’s stock after acquiring an additional 3,091 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Texas Instruments were worth $1,853,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. High Point Wealth Management LLC bought a new position in Texas Instruments during the 4th quarter worth about $25,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Texas Instruments in the second quarter valued at about $25,000. Advocate Investing Services LLC bought a new stake in shares of Texas Instruments in the fourth quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Texas Instruments during the fourth quarter worth about $27,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Trading Up 0.3%
Shares of Texas Instruments stock opened at $281.24 on Wednesday. The stock has a market cap of $256.84 billion, a P/E ratio of 42.81, a P/E/G ratio of 1.10 and a beta of 1.33. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The business’s 50 day moving average is $294.04 and its 200-day moving average is $255.29. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Insider Buying and Selling
In other news, CFO Rafael R. Lizardi sold 47,734 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $308.10, for a total value of $14,706,845.40. Following the transaction, the chief financial officer owned 85,485 shares of the company’s stock, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Ahmad Bahai sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $309.13, for a total value of $1,545,650.00. Following the transaction, the vice president owned 42,519 shares in the company, valued at approximately $13,143,898.47. This trade represents a 10.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on TXN shares. Benchmark lifted their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Truist Financial lifted their price objective on shares of Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Zacks Research lowered shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 10th. Finally, Evercore restated an “outperform” rating and set a $330.00 target price on shares of Texas Instruments in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $312.12.
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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