Birmingham Capital Management Co. Inc. AL decreased its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,490 shares of the semiconductor company’s stock after selling 984 shares during the period. Birmingham Capital Management Co. Inc. AL’s holdings in Texas Instruments were worth $1,885,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its position in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Bank Pictet & Cie Europe AG increased its stake in shares of Texas Instruments by 14.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company’s stock worth $25,942,000 after purchasing an additional 17,840 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Texas Instruments by 100.0% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,500 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 1,250 shares during the last quarter. Nuveen Asset Management LLC lifted its stake in Texas Instruments by 1.2% in the fourth quarter. Nuveen Asset Management LLC now owns 4,051,027 shares of the semiconductor company’s stock valued at $759,608,000 after purchasing an additional 48,247 shares during the last quarter. Finally, Northeast Financial Consultants Inc increased its position in Texas Instruments by 2.0% in the fourth quarter. Northeast Financial Consultants Inc now owns 12,108 shares of the semiconductor company’s stock worth $2,270,000 after buying an additional 234 shares during the last quarter. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
NASDAQ TXN opened at $184.01 on Thursday. The company’s 50 day simple moving average is $199.21 and its two-hundred day simple moving average is $186.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock has a market capitalization of $167.29 billion, a PE ratio of 33.70, a P/E/G ratio of 3.02 and a beta of 1.02.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were paid a $1.36 dividend. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 99.63%.
Insider Transactions at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
TXN has been the subject of several research reports. Benchmark reiterated a “buy” rating and set a $220.00 price target on shares of Texas Instruments in a research note on Monday. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Robert W. Baird increased their target price on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $211.90.
Read Our Latest Report on Texas Instruments
Texas Instruments Company 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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