Mraz Amerine & Associates Inc. bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,135 shares of the semiconductor company’s stock, valued at approximately $443,000.
A number of other hedge funds have also recently bought and sold shares of TXN. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new position in Texas Instruments during the first quarter worth $32,000. CBIZ Investment Advisory Services LLC raised its position in Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 75 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in Texas Instruments in the first quarter valued at $34,000. Finally, N.E.W. Advisory Services LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at about $42,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $181.81 on Tuesday. The stock has a 50 day simple moving average of $188.93 and a 200 day simple moving average of $185.94. The stock has a market cap of $165.29 billion, a P/E ratio of 33.30, a PEG ratio of 2.95 and a beta of 1.01. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a dividend of $1.42 per share. 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 yield of 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 104.03%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of Texas Instruments from $218.00 to $208.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Arete Research upgraded Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Texas Instruments in a research report on Monday, September 8th. Seaport Res Ptn raised Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Finally, Rosenblatt Securities restated a “buy” rating and issued a $245.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $213.82.
Read Our Latest Stock Analysis on Texas Instruments
About Texas Instruments
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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