FARMERS & MERCHANTS TRUST Co OF LONG BEACH acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,952 shares of the semiconductor company’s stock, valued at approximately $613,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC boosted its holdings in Texas Instruments by 10.9% during the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after buying an additional 6,267 shares in the last quarter. Independent Advisor Alliance boosted its stake in shares of 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 acquiring an additional 1,232 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after acquiring an additional 4,191 shares during the period. Gries Financial LLC acquired a new stake in shares of Texas Instruments in the 1st quarter worth approximately $243,000. Finally, Capital Investment Counsel LLC increased its stake in Texas Instruments by 1.1% in the 1st quarter. Capital Investment Counsel LLC now owns 30,069 shares of the semiconductor company’s stock valued at $5,403,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.4%
Shares of TXN opened at $184.55 on Monday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company’s fifty day moving average is $190.61 and its two-hundred day moving average is $185.83. The firm has a market cap of $167.78 billion, a PE ratio of 33.80, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86.
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. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.1%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is presently 99.63%.
Wall Street Analyst Weigh In
TXN has been the topic of a number of research analyst reports. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a report on Monday, July 28th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Susquehanna dropped their price objective on Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $195.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Finally, Morgan Stanley reduced their price target on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating on the stock in a research note on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $213.82.
Check Out Our Latest Stock Analysis on TXN
Insider Activity
In related news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
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.
See Also
- Five stocks we like better than Texas Instruments
- Upcoming IPO Stock Lockup Period, Explained
- SoundHound Breaks Critical Resistance: How High Can It Get Now?
- 5 discounted opportunities for dividend growth investors
- Klarna IPO: BNPL Stock or Something Bigger?
- Stock Dividend Cuts Happen Are You Ready?
- Why Teradyne Is a Core Play in the AI Hardware Boom
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.