Piedmont Capital Management LLC NC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,236 shares of the semiconductor company’s stock, valued at approximately $388,000.
A number of other hedge funds also recently modified their holdings of TXN. Brighton Jones LLC lifted its position in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the period. Intech Investment Management LLC lifted its position in shares of Texas Instruments by 12.8% in the 1st quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock worth $1,632,000 after acquiring an additional 1,031 shares during the period. Osterweis Capital Management Inc. lifted its position in shares of Texas Instruments by 1,810.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 181 shares during the period. Main Street Financial Solutions LLC lifted its position in shares of Texas Instruments by 1.7% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,417 shares of the semiconductor company’s stock worth $1,540,000 after acquiring an additional 126 shares during the period. Finally, HUB Investment Partners LLC lifted its position in shares of Texas Instruments by 3.5% in the 2nd quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company’s stock worth $3,046,000 after acquiring an additional 496 shares during the period. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $301.12 on Monday. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.46 and a quick ratio of 2.94. The company has a market capitalization of $274.05 billion, a PE ratio of 51.56, a price-to-earnings-growth ratio of 1.51 and a beta of 1.32. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $331.51. The business has a 50 day simple moving average of $271.64 and a 200 day simple moving average of $221.60.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 annualized dividend and a yield of 1.9%. Texas Instruments’s payout ratio is presently 97.26%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, CEO Haviv Ilan sold 20,000 shares of Texas Instruments stock in a transaction 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 transaction, the chief executive officer owned 204,339 shares in the company, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Mark T. Roberts sold 28,080 shares of Texas Instruments stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $280.34, for a total value of $7,871,947.20. Following the completion of the transaction, the vice president owned 53,809 shares of the company’s stock, valued at approximately $15,084,815.06. The trade was a 34.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 303,475 shares of company stock worth $85,666,638. 0.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of analysts have commented on the company. Citigroup raised their price objective on Texas Instruments from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Benchmark raised their target price on Texas Instruments from $250.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Jefferies Financial Group upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. HC Wainwright downgraded Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $267.11.
Check Out Our Latest Research Report on TXN
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.
See Also
- Five stocks we like better than Texas Instruments
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
