Texas Instruments Incorporated (TXN) Stake Increased by Vantage Investment Advisors LLC
Vantage Investment Advisors LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 17,842.9% in the third quarter, Holdings Channel reports. The institutional investor owned 43,960 shares of the semiconductor company’s stock after acquiring an additional 43,715 shares during the period. Vantage Investment Advisors LLC’s holdings in Texas Instruments were worth $4,688,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $100,000. Centaurus Financial Inc. acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $101,000. Baker Ellis Asset Management LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $105,000. Kwmg LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new stake in Texas Instruments during the 3rd quarter worth approximately $107,000. 85.51% of the stock is owned by institutional investors.
Texas Instruments stock opened at $94.78 on Tuesday. Texas Instruments Incorporated has a one year low of $87.90 and a one year high of $120.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.09 and a current ratio of 3.97. The firm has a market cap of $93.99 billion, a price-to-earnings ratio of 22.14, a P/E/G ratio of 1.90 and a beta of 1.28.
Texas Instruments announced that its board has authorized a stock buyback plan on Thursday, September 20th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 11.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st were paid a $0.77 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.25%. Texas Instruments’s dividend payout ratio (DPR) is presently 71.96%.
In other news, insider Kyle M. Flessner sold 16,088 shares of Texas Instruments stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total value of $1,512,272.00. Following the transaction, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin S. Craighead purchased 10,900 shares of the firm’s stock in a transaction dated Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the purchase, the director now owns 13,100 shares in the company, valued at approximately $1,201,270. The disclosure for this purchase can be found here. Company insiders own 0.84% of the company’s stock.
Several research firms recently weighed in on TXN. KeyCorp began coverage on Texas Instruments in a report on Tuesday, September 25th. They set a “sector weight” rating for the company. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Loop Capital dropped their price target on Texas Instruments to $120.00 and set a “buy” rating for the company in a report on Wednesday, October 24th. UBS Group set a $93.00 price target on Texas Instruments and gave the stock a “sell” rating in a report on Wednesday, July 25th. Finally, BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $117.11.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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