Joule Financial LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 22.7% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 2,327 shares of the semiconductor company’s stock after selling 683 shares during the quarter. Joule Financial LLC’s holdings in Texas Instruments were worth $483,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in TXN. Knights of Columbus Asset Advisors LLC grew its position in shares of Texas Instruments by 70.6% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 69,317 shares of the semiconductor company’s stock valued at $14,392,000 after purchasing an additional 28,695 shares during the period. DAVENPORT & Co LLC lifted its stake in Texas Instruments by 9.4% in the 2nd quarter. DAVENPORT & Co LLC now owns 52,350 shares of the semiconductor company’s stock valued at $10,868,000 after buying an additional 4,487 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in Texas Instruments by 2.9% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after buying an additional 47 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in Texas Instruments during the 2nd quarter worth approximately $866,000. Finally, Merit Financial Group LLC lifted its position in shares of Texas Instruments by 9.1% in the second quarter. Merit Financial Group LLC now owns 61,140 shares of the semiconductor company’s stock valued at $12,694,000 after acquiring an additional 5,123 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Down 1.1%
TXN stock opened at $180.32 on Monday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The firm has a market cap of $163.94 billion, a PE ratio of 33.03, a PEG ratio of 2.95 and a beta of 1.01. The firm’s 50 day moving average price is $189.08 and its 200-day moving average price is $185.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a yield of 3.1%. Texas Instruments’s dividend payout ratio is currently 99.63%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on TXN. KeyCorp boosted their price target on Texas Instruments from $215.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. DZ Bank restated a “sell” rating and set a $158.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. BNP Paribas upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Finally, Robert W. Baird raised their target price on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $213.82.
Read Our Latest Stock Report on TXN
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by company insiders.
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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