Cornerstone Wealth Group LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 23.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,282 shares of the semiconductor company’s stock after buying an additional 426 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Texas Instruments were worth $474,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new stake in Texas Instruments in the first quarter valued at $28,000. Dagco Inc. bought a new stake in shares of Texas Instruments during the first quarter valued at about $32,000. CBIZ Investment Advisory Services LLC raised its stake in shares of Texas Instruments by 67.6% during the first 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 in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Texas Instruments during the first quarter valued at about $42,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Texas Instruments during the second quarter valued at about $42,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN opened at $173.94 on Wednesday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a 50-day moving average of $187.88 and a two-hundred day moving average of $185.67. The stock has a market cap of $158.14 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $1.42 dividend. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. Texas Instruments’s dividend payout ratio is 99.63%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on TXN shares. Rosenblatt Securities restated a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. Robert W. Baird lifted their price objective on shares of Texas Instruments from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Finally, UBS Group set a $255.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $213.03.
Get Our Latest Research Report on TXN
Insider Activity at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were 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 in the company, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.
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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