Birchcreek Wealth Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,056 shares of the semiconductor company’s stock, valued at approximately $219,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC raised its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares in the last quarter. Schechter Investment Advisors LLC grew its position in shares of Texas Instruments by 1.2% in the 1st quarter. Schechter Investment Advisors LLC now owns 7,315 shares of the semiconductor company’s stock valued at $1,314,000 after buying an additional 85 shares during the last quarter. Stephens Inc. AR raised its stake in Texas Instruments by 10.3% during the 1st quarter. Stephens Inc. AR now owns 33,565 shares of the semiconductor company’s stock worth $6,032,000 after acquiring an additional 3,129 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in Texas Instruments in the first quarter valued at $77,000. Finally, TFR Capital LLC. lifted its position in Texas Instruments by 102.8% in the first quarter. TFR Capital LLC. now owns 2,730 shares of the semiconductor company’s stock valued at $491,000 after acquiring an additional 1,384 shares during the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Down 0.5%
Texas Instruments stock opened at $160.55 on Monday. The stock has a 50 day moving average of $177.59 and a two-hundred day moving average of $187.54. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market capitalization of $145.88 billion, a price-to-earnings ratio of 29.35, a PEG ratio of 3.05 and a beta of 1.02. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.5%. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on TXN shares. TD Cowen dropped their price objective on Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Seaport Res Ptn upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Robert W. Baird set a $195.00 price target on Texas Instruments and gave the stock an “outperform” rating in a research report on Wednesday, October 22nd. Wolfe Research upgraded Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and an average price target of $191.67.
Read Our Latest Stock Analysis on Texas Instruments
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments 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 sale, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
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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