Kelleher Financial Advisors acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, HoldingsChannel.com reports. The firm acquired 2,511 shares of the semiconductor company’s stock, valued at approximately $521,000.
A number of other institutional investors have also modified their holdings of TXN. Kestra Private Wealth Services LLC increased its stake in Texas Instruments by 10.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock valued at $11,462,000 after buying an additional 6,267 shares during the period. Jennison Associates LLC boosted its holdings in shares of Texas Instruments by 35.1% in the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock valued at $621,218,000 after acquiring an additional 777,619 shares in the last quarter. Howard Capital Management Inc. increased its stake in shares of Texas Instruments by 11.3% during the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock worth $5,553,000 after acquiring an additional 2,709 shares during the period. Independent Advisor Alliance increased its stake in shares of Texas Instruments by 4.8% during the first 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 during the period. Finally, Los Angeles Capital Management LLC boosted its holdings in Texas Instruments by 1,064.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 52,146 shares of the semiconductor company’s stock valued at $10,827,000 after purchasing an additional 47,669 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Trading Down 0.5%
Shares of Texas Instruments stock opened at $159.73 on Wednesday. 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 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The business has a 50 day moving average price of $175.95 and a 200 day moving average price of $187.50. The company has a market capitalization of $145.13 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The company 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 dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. 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 3.6%. Texas Instruments’s payout ratio is currently 103.84%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction that occurred 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 completion of the sale, the vice president directly owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Mizuho set a $145.00 price target on shares of Texas Instruments in a research note on Wednesday, October 22nd. Citigroup cut their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a report on Thursday, October 16th. Rosenblatt Securities decreased their price objective on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $191.67.
Get Our Latest Stock Report on TXN
Texas Instruments Company Profile
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
- The Risks of Owning Bonds
- Amazon Is One of the Clearest Buys If the Market Dips Again
- What is the Nikkei 225 index?
- CoreWeave’s Guidance Cut: A Buying Opportunity in Disguise?
- 2 Rising CRM Platform Stocks That Can Surge Higher in 2025
- Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?
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.
