NewEdge Advisors LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 31.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 61,930 shares of the semiconductor company’s stock after selling 28,944 shares during the quarter. NewEdge Advisors LLC’s holdings in Texas Instruments were worth $12,023,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the stock. High Point Wealth Management LLC bought a new position in shares of Texas Instruments in the fourth quarter worth $25,000. Strategic Wealth Investment Group LLC bought a new stake in Texas Instruments during the second quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Ares Financial Consulting LLC bought a new position in Texas Instruments in the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC bought a new position in Texas Instruments in the 4th quarter valued at about $27,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Price Performance
Texas Instruments stock opened at $271.30 on Thursday. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $247.76 billion, a PE ratio of 41.29, a P/E/G ratio of 1.10 and a beta of 1.32. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The stock has a 50-day moving average price of $299.46 and a two-hundred day moving average price of $249.70.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, July 31st. Texas Instruments’s dividend payout ratio is 86.45%.
Insider Buying and Selling
In other Texas Instruments news, CEO Haviv Ilan sold 20,000 shares of Texas Instruments stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the transaction, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shanon J. Leonard sold 4,963 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $295.22, for a total value of $1,465,176.86. Following the completion of the sale, the vice president owned 24,867 shares in the company, valued at $7,341,235.74. This trade represents a 16.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 96,491 shares of company stock valued at $28,806,861 over the last quarter. 0.60% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on TXN. Zacks Research downgraded shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Sanford C. Bernstein raised their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Bank of America lifted their price target on Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. UBS Group restated a “buy” rating and set a $380.00 price objective on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, Truist Financial raised their price target on shares of Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $312.12.
Check Out Our Latest Analysis on Texas Instruments
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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