HB Wealth Management LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 85,652 shares of the semiconductor company’s stock after purchasing an additional 2,063 shares during the period. HB Wealth Management LLC’s holdings in Texas Instruments were worth $25,530,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $378,000. Nilsine Partners LLC increased its position in Texas Instruments by 1.8% during the 2nd quarter. Nilsine Partners LLC now owns 3,824 shares of the semiconductor company’s stock valued at $1,140,000 after buying an additional 67 shares in the last quarter. Saudi Central Bank increased its holdings in shares of Texas Instruments by 90.0% during the second quarter. Saudi Central Bank now owns 63,733 shares of the semiconductor company’s stock valued at $18,997,000 after acquiring an additional 30,195 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC purchased a new position in shares of Texas Instruments in the second quarter worth $241,000. Finally, Angeles Wealth Management LLC raised its stake in Texas Instruments by 22.8% in the 2nd quarter. Angeles Wealth Management LLC now owns 5,328 shares of the semiconductor company’s stock worth $1,588,000 after acquiring an additional 989 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.8%
Texas Instruments stock opened at $258.44 on Friday. The business’s 50-day moving average price is $280.18 and its 200 day moving average price is $261.22. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The firm has a market cap of $236.02 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analysts Set New Price Targets
Several analysts have weighed in on TXN shares. Stifel Nicolaus boosted their price target on Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Benchmark upped their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. HC Wainwright lowered shares of Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Mizuho lifted their price objective on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Finally, Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Read Our Latest Research Report on Texas Instruments
Insider Buying and Selling
In other news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the sale, the vice president directly owned 23,181 shares in the company, valued at $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.60% of the company’s stock.
Texas Instruments Company Profile
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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