Daiwa Securities Group Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.9% in the second quarter, Holdings Channel reports. The firm owned 225,483 shares of the semiconductor company’s stock after buying an additional 8,509 shares during the period. Daiwa Securities Group Inc.’s holdings in Texas Instruments were worth $46,815,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Woodmont Investment Counsel LLC increased its stake 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 buying an additional 47 shares in the last quarter. Confluence Wealth Services Inc. increased its position in shares of Texas Instruments by 0.4% during 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 in the last quarter. Acropolis Investment Management LLC increased its position in shares of Texas Instruments by 2.9% during the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 52 shares in the last quarter. Proathlete Wealth Management LLC raised its stake in Texas Instruments by 1.4% in the 2nd 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 last quarter. Finally, Trivium Point Advisory LLC lifted its holdings in Texas Instruments by 4.5% in the 1st 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 in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Trading Down 0.9%
Shares of Texas Instruments stock opened at $180.94 on Tuesday. The stock has a 50 day moving average of $169.41 and a 200 day moving average of $186.41. 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 firm has a market capitalization of $164.41 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 3.24 and a beta of 1.00. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were issued a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, October 31st. This represents a $5.68 annualized dividend and a yield of 3.1%. Texas Instruments’s payout ratio is 103.84%.
Analyst Upgrades and Downgrades
TXN has been the subject of a number of research reports. Rosenblatt Securities dropped their target price on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Cantor Fitzgerald dropped their price objective on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research note on Wednesday, October 22nd. Citigroup lowered their target price on Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Bank of America cut Texas Instruments from a “neutral” rating to an “underperform” rating and cut their price target for the company from $208.00 to $190.00 in a report on Monday, October 13th. Finally, Susquehanna lowered their price objective on Texas Instruments from $240.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $191.67.
Get Our Latest Stock Analysis on Texas Instruments
Insider Activity at Texas Instruments
In other Texas Instruments news, Director Ronald Kirk sold 9,990 shares of the business’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 sale, the director owned 14,937 shares of the company’s stock, valued at $2,424,723.21. The trade was a 40.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Christine Witzsche sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total value of $164,310.00. Following the transaction, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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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