LRT Capital Management LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 54.7% during the fourth quarter, HoldingsChannel reports. The firm owned 6,851 shares of the semiconductor company’s stock after selling 8,283 shares during the period. LRT Capital Management LLC’s holdings in Texas Instruments were worth $1,189,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TXN. High Point Wealth Management LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at about $25,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Texas Instruments during the 2nd quarter valued at about $25,000. Advocate Investing Services LLC bought a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Ares Financial Consulting LLC bought a new stake in Texas Instruments in the 4th quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Texas Instruments in the fourth quarter worth approximately $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.4%
Shares of Texas Instruments stock opened at $301.12 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $331.51. The company’s 50 day moving average price is $271.64 and its 200-day moving average price is $221.18. The stock has a market capitalization of $274.05 billion, a price-to-earnings ratio of 51.56, a P/E/G ratio of 1.51 and a beta of 1.32.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s dividend payout ratio is 97.26%.
Wall Street Analyst Weigh In
TXN has been the topic of several research reports. Weiss Ratings raised shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Sanford C. Bernstein initiated coverage on shares of Texas Instruments in a research note on Friday, May 22nd. They issued a “market perform” rating for the company. Truist Financial increased their target price on shares of Texas Instruments from $225.00 to $278.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. The Goldman Sachs Group boosted their price target 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. Finally, Robert W. Baird upped their price target on shares of Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $267.11.
Insider Activity at Texas Instruments
In related news, CEO Haviv Ilan sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $280.32, for a total value of $5,606,400.00. Following the sale, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at $57,280,308.48. This trade represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $308.10, for a total value of $14,706,845.40. Following the transaction, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 303,475 shares of company stock valued at $85,666,638 in the last quarter. 0.60% of the stock is currently owned by company insiders.
Texas Instruments Company 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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