Atlatl Advisers LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 1,001 shares of the semiconductor company’s stock, valued at approximately $208,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in TXN. Brighton Jones LLC lifted its position in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. GAMMA Investing LLC lifted its position in Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock valued at $3,422,000 after acquiring an additional 3,402 shares in the last quarter. Spire Wealth Management lifted its position in Texas Instruments by 3.5% in the 1st quarter. Spire Wealth Management now owns 4,341 shares of the semiconductor company’s stock valued at $780,000 after acquiring an additional 148 shares in the last quarter. Illinois Municipal Retirement Fund lifted its position in Texas Instruments by 46.2% in the 1st quarter. Illinois Municipal Retirement Fund now owns 59,300 shares of the semiconductor company’s stock valued at $10,656,000 after acquiring an additional 18,736 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its holdings in shares of Texas Instruments by 5.3% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 1,717 shares of the semiconductor company’s stock valued at $308,000 after buying an additional 86 shares during the period. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Down 1.8%
NASDAQ:TXN opened at $169.13 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 3.88. The firm has a market capitalization of $153.76 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.20 and a beta of 1.01. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The business has a fifty day moving average price of $185.53 and a 200-day moving average price of $186.38.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.4%. Texas Instruments’s dividend payout ratio (DPR) is 99.45%.
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
TXN has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group set a $245.00 price target on Texas Instruments and gave the company a “buy” rating in a report on Wednesday. Morgan Stanley set a $175.00 price target on Texas Instruments in a report on Wednesday. BNP Paribas raised Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Finally, Mizuho set a $145.00 price target on Texas Instruments in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $191.67.
View Our Latest Research Report on TXN
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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