Advocate Group LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,159 shares of the semiconductor company’s stock after selling 338 shares during the quarter. Advocate Group LLC’s holdings in Texas Instruments were worth $7,300,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Brighton Jones LLC boosted its stake in Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after purchasing an additional 4,218 shares during the period. GAMMA Investing LLC boosted its stake in Texas Instruments by 21.8% in the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock valued at $3,422,000 after purchasing an additional 3,402 shares during the period. NorthCrest Asset Manangement LLC boosted its stake in Texas Instruments by 9.0% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 5,288 shares of the semiconductor company’s stock valued at $950,000 after purchasing an additional 435 shares during the period. Everhart Financial Group Inc. boosted its stake in Texas Instruments by 12.2% in the 1st quarter. Everhart Financial Group Inc. now owns 4,190 shares of the semiconductor company’s stock valued at $753,000 after purchasing an additional 455 shares during the period. Finally, Howard Capital Management Group LLC bought a new stake in Texas Instruments in the 1st quarter valued at $176,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Price Performance
Shares of TXN stock opened at $171.70 on Friday. 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 company has a market cap of $156.10 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.80 and a beta of 1.01. The business has a fifty day simple moving average of $188.26 and a 200 day simple moving average of $185.72.
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 given a dividend of $1.42 per share. The ex-dividend date is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio is currently 99.63%.
Wall Street Analyst Weigh In
Several analysts recently issued reports on TXN shares. Truist Financial boosted their price target on Texas Instruments from $171.00 to $196.00 and gave the company a “hold” rating in a research note on Wednesday, July 23rd. Bank of America cut their target price on Texas Instruments from $218.00 to $208.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Stifel Nicolaus upped their target price on Texas Instruments from $160.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Rosenblatt Securities reiterated a “buy” rating and set a $245.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Finally, Mizuho cut their target price on Texas Instruments from $205.00 to $200.00 and set a “neutral” rating for the company in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $213.82.
Insider Buying and Selling at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The stock was 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 directly owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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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