Guinness Asset Management LTD decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 991,744 shares of the semiconductor company’s stock after selling 26,561 shares during the period. Texas Instruments makes up 3.4% of Guinness Asset Management LTD’s holdings, making the stock its 18th biggest holding. Guinness Asset Management LTD’s holdings in Texas Instruments were worth $178,064,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Maple Capital Management Inc. lifted its position in Texas Instruments by 2.4% during the 1st quarter. Maple Capital Management Inc. now owns 224,873 shares of the semiconductor company’s stock worth $40,410,000 after buying an additional 5,183 shares in the last quarter. 1248 Management LLC acquired a new position in Texas Instruments during the 1st quarter worth about $80,000. Asset Planning Services Inc. LA ADV lifted its position in Texas Instruments by 1.5% during the 1st quarter. Asset Planning Services Inc. LA ADV now owns 32,955 shares of the semiconductor company’s stock worth $5,922,000 after buying an additional 485 shares in the last quarter. eCIO Inc. acquired a new position in Texas Instruments during the 1st quarter worth about $346,000. Finally, CBIZ Investment Advisory Services LLC lifted its position in Texas Instruments by 67.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of TXN opened at $184.35 on Friday. 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 stock has a market cap of $167.60 billion, a P/E ratio of 33.76, a price-to-earnings-growth ratio of 3.00 and a beta of 1.02. The stock’s 50-day moving average price is $198.59 and its two-hundred day moving average price is $186.52.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a yield of 3.0%. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
TXN has been the topic of several research reports. Bank of America reduced their price target on shares of Texas Instruments from $218.00 to $208.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Wells Fargo & Company reduced their target price on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $160.00 to $192.00 and gave the stock a “hold” rating in a research report on Friday, July 18th. Truist Financial increased their price objective on shares of Texas Instruments from $171.00 to $196.00 and gave the company a “hold” rating in a report on Wednesday, July 23rd. Finally, DZ Bank reaffirmed a “sell” rating and issued a $158.00 price objective 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 assigned a Buy rating, thirteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $211.90.
Check Out Our Latest Research Report on Texas Instruments
Texas Instruments Company 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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