Guyasuta Investment Advisors Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 142,063 shares of the semiconductor company’s stock after purchasing an additional 83 shares during the period. Texas Instruments makes up 1.8% of Guyasuta Investment Advisors Inc.’s investment portfolio, making the stock its 16th largest holding. Guyasuta Investment Advisors Inc.’s holdings in Texas Instruments were worth $29,495,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Private Wealth Services LLC grew its position in Texas Instruments by 10.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after purchasing an additional 6,267 shares during the last quarter. Independent Advisor Alliance grew its position in Texas Instruments by 4.8% during the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock worth $4,795,000 after purchasing an additional 1,232 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Texas Instruments by 34.4% in the second quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock valued at $3,397,000 after acquiring an additional 4,191 shares in the last quarter. Gries Financial LLC purchased a new stake in shares of Texas Instruments in the first quarter valued at about $243,000. Finally, Capital Investment Counsel LLC boosted its holdings in shares of Texas Instruments by 1.1% in the first quarter. Capital Investment Counsel LLC now owns 30,069 shares of the semiconductor company’s stock valued at $5,403,000 after acquiring an additional 331 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 1.4%
TXN stock opened at $184.55 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. The company has a market cap of $167.78 billion, a P/E ratio of 33.80, a P/E/G ratio of 3.01 and a beta of 1.02. The company’s 50-day moving average price is $190.61 and its 200 day moving average price is $185.75. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69.
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 given a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 104.03%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the stock. DZ Bank reaffirmed a “sell” rating and issued a $158.00 target price on shares of Texas Instruments in a report on Wednesday, July 23rd. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a report on Thursday, July 10th. They issued a “buy” rating and a $255.00 target price on the stock. Cowen reaffirmed a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. Susquehanna lowered their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Tuesday, July 22nd. Finally, BNP Paribas raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $213.82.
Read Our Latest Stock Report on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.57% of the stock is currently owned by corporate 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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