Mariner LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 786,974 shares of the semiconductor company’s stock after selling 34,915 shares during the period. Mariner LLC’s holdings in Texas Instruments were worth $136,538,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of TXN. High Point Wealth Management LLC bought a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments during the 2nd quarter valued at approximately $25,000. Advocate Investing Services LLC bought a new position in Texas Instruments during the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC bought a new position in Texas Instruments during the 4th quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC bought a new position in Texas Instruments during the 4th quarter valued at approximately $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Texas Instruments stock opened at $313.34 on Tuesday. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $285.17 billion, a P/E ratio of 53.65, a PEG ratio of 1.51 and a beta of 1.32. The stock’s 50 day moving average is $274.01 and its 200 day moving average is $222.67. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $331.51.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.8%. Texas Instruments’s dividend payout ratio is presently 97.26%.
Insider Buying and Selling
In other Texas Instruments news, VP Shanon J. Leonard sold 4,963 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $295.22, for a total transaction of $1,465,176.86. Following the sale, the vice president directly owned 24,867 shares in the company, valued at approximately $7,341,235.74. This trade represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Rafael R. Lizardi sold 47,734 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total value of $14,706,845.40. Following the sale, the chief financial officer owned 85,485 shares in the company, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 303,475 shares of company stock worth $85,666,638 over the last three months. Corporate insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on TXN. UBS Group upped their price target on Texas Instruments from $260.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Wolfe Research reiterated an “outperform” rating and set a $315.00 target price on shares of Texas Instruments in a report on Thursday, April 23rd. Citigroup upped their target price on Texas Instruments from $280.00 to $345.00 and gave the stock a “buy” rating in a report on Monday. Robert W. Baird upped their target price on Texas Instruments from $225.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, April 23rd. Finally, Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $269.61.
Read Our Latest Research Report on TXN
About Texas Instruments
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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