Country Trust Bank grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 16,566.7% during the second quarter, Holdings Channel reports. The institutional investor owned 500 shares of the semiconductor company’s stock after purchasing an additional 497 shares during the quarter. Country Trust Bank’s holdings in Texas Instruments were worth $104,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC grew its position in Texas Instruments by 2.9% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 47 shares during the last quarter. Confluence Wealth Services Inc. grew its holdings in shares of Texas Instruments by 0.4% in the second quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $2,283,000 after purchasing an additional 48 shares during the last quarter. Acropolis Investment Management LLC increased its stake in shares of Texas Instruments by 2.9% in the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after buying an additional 52 shares during the period. Proathlete Wealth Management LLC increased its stake in shares of Texas Instruments by 1.4% in the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock worth $782,000 after buying an additional 53 shares during the period. Finally, Trivium Point Advisory LLC raised its holdings in Texas Instruments by 4.5% during the 1st quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 54 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 2.2%
Shares of NASDAQ:TXN opened at $165.35 on Thursday. The firm has a market capitalization of $150.24 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The stock has a 50 day moving average price of $170.48 and a 200-day moving average price of $187.05. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Insider Transactions at Texas Instruments
In other news, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president directly owned 20,821 shares in the company, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the sale, the director owned 14,937 shares in the company, valued at $2,424,723.21. The trade was a 40.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price target on Texas Instruments in a report on Wednesday, October 22nd. Truist Financial dropped their price objective on Texas Instruments from $196.00 to $175.00 and set a “hold” rating for the company in a report on Wednesday, October 22nd. UBS Group set a $245.00 price objective on Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $191.67.
Get Our Latest Stock 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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