Vise Technologies Inc. increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 17.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,176 shares of the semiconductor company’s stock after purchasing an additional 3,466 shares during the quarter. Vise Technologies Inc.’s holdings in Texas Instruments were worth $4,021,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Strategic Wealth Investment Group LLC acquired a new stake in Texas Instruments during the second quarter worth about $25,000. High Point Wealth Management LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Ares Financial Consulting LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $26,000. Tucker Asset Management LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $29,000. Finally, Nvest Wealth Strategies Inc. acquired a new stake in Texas Instruments during the fourth quarter worth about $33,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Down 6.7%
TXN opened at $285.06 on Friday. The company’s 50 day moving average is $261.65 and its 200-day moving average is $216.44. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $331.51. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. The company has a market cap of $259.43 billion, a P/E ratio of 48.81, a PEG ratio of 1.53 and a beta of 1.32.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a dividend of $1.42 per share. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 annualized dividend and a yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is currently 97.26%.
Insider Buying and Selling at Texas Instruments
In related news, Director Carrie Smith Cox sold 8,838 shares of Texas Instruments stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $306.41, for a total transaction of $2,708,051.58. Following the sale, the director directly owned 37,626 shares in the company, valued at $11,528,982.66. This trade represents a 19.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Rafael R. Lizardi sold 47,734 shares of Texas Instruments stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the sale, the chief financial officer owned 85,485 shares in the company, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 303,475 shares of company stock worth $85,666,638 over the last quarter. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Texas Instruments from $215.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 23rd. The Goldman Sachs Group increased their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, April 23rd. Stifel Nicolaus set a $340.00 price objective on shares of Texas Instruments in a research note on Friday, May 15th. DZ Bank upgraded shares of Texas Instruments to a “strong sell” rating in a research note on Monday, February 9th. Finally, Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $265.57.
View Our Latest Stock Analysis on TXN
Texas Instruments Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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