Beverly Hills Private Wealth LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,040 shares of the semiconductor company’s stock after selling 522 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Texas Instruments were worth $3,746,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Texas Instruments by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after buying an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Texas Instruments by 2.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after acquiring an additional 428,356 shares in the last quarter. Invesco Ltd. lifted its position in shares of Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after acquiring an additional 2,257,086 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Texas Instruments by 0.9% in the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock worth $1,885,770,000 after purchasing an additional 95,980 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Price Performance
TXN opened at $176.58 on Monday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a market capitalization of $160.54 billion, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.99 and a beta of 1.01. The firm’s fifty day moving average price is $187.25 and its two-hundred day moving average price is $185.76.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio is currently 99.63%.
Analysts Set New Price Targets
TXN has been the topic of a number of research analyst reports. Wolfe Research raised shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research report on Monday, July 28th. Mizuho cut their price target on Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $195.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 23rd. Susquehanna lowered their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research report on Tuesday, July 22nd. Finally, Citigroup reduced their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $211.64.
Check Out Our Latest Stock Analysis on Texas Instruments
Insider Activity at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments 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 sale, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.
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