Ferguson Wellman Capital Management Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,548 shares of the semiconductor company’s stock after buying an additional 2,859 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Texas Instruments were worth $38,526,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in TXN. Cornerstone Financial Management LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $27,000. Portus Wealth Advisors LLC bought a new position in Texas Instruments during the first quarter valued at $27,000. TD Capital Management LLC bought a new stake in Texas Instruments in the 4th quarter valued at about $28,000. Scarborough Advisors LLC bought a new position in Texas Instruments in the 1st quarter worth approximately $29,000. Finally, Kilter Group LLC purchased a new position in shares of Texas Instruments in the second quarter valued at $31,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of TXN stock traded down $0.91 on Monday, reaching $292.89. The stock had a trading volume of 1,165,357 shares, compared to its average volume of 7,637,098. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The stock has a market cap of $267.48 billion, a P/E ratio of 44.58, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. The company has a 50 day simple moving average of $270.12 and a 200 day simple moving average of $270.38.
Texas Instruments Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be issued a $1.52 dividend. The ex-dividend date of this dividend is Friday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.1%. Texas Instruments’s payout ratio is 86.45%.
Insider Transactions at Texas Instruments
In related news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
Several brokerages have commented on TXN. Robert W. Baird raised their target price on Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $300.00 price objective (up from $280.00) on shares of Texas Instruments in a research report on Wednesday, September 9th. Stifel Nicolaus boosted their price objective on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Sanford C. Bernstein boosted their price objective on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Finally, Truist Financial raised their target price on shares of Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Sixteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $304.26.
Check Out Our Latest Report on TXN
Texas Instruments Profile
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.
The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.
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