Naples Global Advisors LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.2% in the 2nd quarter, Holdings Channel reports. The firm owned 27,103 shares of the semiconductor company’s stock after buying an additional 309 shares during the quarter. Naples Global Advisors LLC’s holdings in Texas Instruments were worth $5,627,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the company. Acropolis Investment Management LLC lifted 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 in the last quarter. Proathlete Wealth Management LLC lifted its position in Texas Instruments by 1.4% during the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock valued at $782,000 after purchasing an additional 53 shares during the period. Trivium Point Advisory LLC lifted its position in Texas Instruments by 4.5% during the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after purchasing an additional 54 shares during the period. Trillium Asset Management LLC lifted its position in Texas Instruments by 2.8% during the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 57 shares during the period. Finally, Aspen Investment Management Inc lifted its position in Texas Instruments by 1.6% during the first quarter. Aspen Investment Management Inc now owns 3,695 shares of the semiconductor company’s stock valued at $664,000 after purchasing an additional 58 shares during the period. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Down 1.8%
TXN opened at $180.39 on Thursday. 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 Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a market capitalization of $164.00 billion, a PE ratio of 33.04, a PEG ratio of 3.00 and a beta of 1.01. The firm’s 50 day simple moving average is $189.24 and its two-hundred day simple moving average is $185.83.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio is currently 99.63%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Arete Research upgraded shares of Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Finally, BNP Paribas upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $213.82.
Get Our Latest Stock Report on Texas Instruments
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction on 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 directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.
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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