Curbstone Financial Management Corp raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 18.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 5,816 shares of the semiconductor company’s stock after buying an additional 900 shares during the period. Curbstone Financial Management Corp’s holdings in Texas Instruments were worth $1,208,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in the business. Nicholson Wealth Management Group LLC increased its holdings in shares of Texas Instruments by 3.0% in the 2nd quarter. Nicholson Wealth Management Group LLC now owns 8,770 shares of the semiconductor company’s stock valued at $1,821,000 after purchasing an additional 254 shares during the period. VELA Investment Management LLC increased its holdings in shares of Texas Instruments by 22.6% in the 2nd quarter. VELA Investment Management LLC now owns 1,612 shares of the semiconductor company’s stock valued at $335,000 after purchasing an additional 297 shares during the period. Chevy Chase Trust Holdings LLC increased its holdings in shares of Texas Instruments by 0.5% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 483,838 shares of the semiconductor company’s stock valued at $100,454,000 after purchasing an additional 2,424 shares during the period. Stratos Wealth Partners LTD. increased its holdings in shares of Texas Instruments by 17.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 53,894 shares of the semiconductor company’s stock valued at $11,190,000 after purchasing an additional 8,071 shares during the period. Finally, Private Trust Co. NA increased its holdings in shares of Texas Instruments by 7.4% in the 2nd quarter. Private Trust Co. NA now owns 7,518 shares of the semiconductor company’s stock valued at $1,561,000 after purchasing an additional 517 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.6%
Shares of Texas Instruments stock opened at $176.58 on Friday. The stock has a market capitalization of $160.54 billion, a P/E ratio of 32.34, a PEG ratio of 2.97 and a beta of 1.01. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average price of $187.25 and a two-hundred day moving average price of $185.56. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.2%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was 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 directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Robert W. Baird upped their target price on Texas Instruments from $175.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, July 23rd. Truist Financial upped their target price on Texas Instruments from $171.00 to $196.00 and gave the company a “hold” rating in a report on Wednesday, July 23rd. Wells Fargo & Company dropped their price objective on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. Arete assumed coverage on Texas Instruments in a report on Thursday, June 26th. They issued a “neutral” rating and a $203.80 price objective on the stock. Finally, Cowen restated a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. 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 five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $211.64.
View Our Latest Analysis on Texas Instruments
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.
Featured Stories
- Five stocks we like better than Texas Instruments
- How to Use the MarketBeat Excel Dividend Calculator
- This AI Chip Giant Could Be the Market’s Next Big Winner
- Stock Dividend Cuts Happen Are You Ready?
- Broadcom Inks OpenAI Deal: Why It’s A Huge Win for AVGO Stock
- Why Invest in 5G? How to Invest in 5G Stocks
- Institutions Are Fueling CrowdStrike’s Next Leg Higher
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.