Childress Capital Advisors LLC grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 25.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,065 shares of the semiconductor company’s stock after acquiring an additional 631 shares during the period. Childress Capital Advisors LLC’s holdings in Texas Instruments were worth $636,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares in the last quarter. NBC Securities Inc. raised its position in shares of Texas Instruments by 104,260.0% in the first quarter. NBC Securities Inc. now owns 5,218 shares of the semiconductor company’s stock valued at $937,000 after buying an additional 5,213 shares in the last quarter. Fragasso Financial Advisors Inc raised its position in shares of Texas Instruments by 17.7% in the first quarter. Fragasso Financial Advisors Inc now owns 1,475 shares of the semiconductor company’s stock valued at $265,000 after buying an additional 222 shares in the last quarter. Vantage Wealth raised its position in shares of Texas Instruments by 8.3% in the first quarter. Vantage Wealth now owns 102,000 shares of the semiconductor company’s stock valued at $18,329,000 after buying an additional 7,838 shares in the last quarter. Finally, Merit Financial Group LLC raised its position in shares of Texas Instruments by 5.7% in the first quarter. Merit Financial Group LLC now owns 56,017 shares of the semiconductor company’s stock valued at $10,066,000 after buying an additional 3,030 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $183.73 on Wednesday. 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 Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market cap of $167.04 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 2.99 and a beta of 1.02. The company’s fifty day moving average is $189.36 and its 200 day moving average is $185.87.
Texas Instruments Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be paid a $1.42 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is presently 104.03%.
Insider Buying and Selling at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the business’s 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 sale, 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research analysts have commented on TXN shares. Arete started coverage on shares of Texas Instruments in a research report on Thursday, June 26th. They set a “neutral” rating and a $203.80 price objective for the company. Sanford C. Bernstein upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Arete Research upgraded shares of Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Mizuho lowered their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company lowered their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 23rd. Two investment 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $213.82.
Read Our Latest Stock Report on TXN
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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