Greenwood Capital Associates LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 24.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,522 shares of the semiconductor company’s stock after selling 11,593 shares during the quarter. Texas Instruments makes up about 1.1% of Greenwood Capital Associates LLC’s holdings, making the stock its 18th largest position. Greenwood Capital Associates LLC’s holdings in Texas Instruments were worth $10,886,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of TXN. BlackRock Inc. purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at $24,607,313,000. Bank of New York Mellon Corp bought a new stake in shares of Texas Instruments during the 2nd quarter worth $4,488,666,000. Norges Bank purchased a new position in shares of Texas Instruments in the 4th quarter worth about $2,516,628,000. Bank of America Corp DE purchased a new position in shares of Texas Instruments in the 2nd quarter worth about $3,700,842,000. Finally, Primecap Management Co. CA bought a new position in Texas Instruments during the second quarter valued at about $2,538,063,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 3.0%
Shares of Texas Instruments stock opened at $258.64 on Friday. The stock has a market capitalization of $236.20 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.01 and a beta of 1.33. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The stock’s 50-day simple moving average is $285.30 and its 200 day simple moving average is $260.06.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Analyst Ratings Changes
Several brokerages have commented on TXN. KeyCorp lifted their price objective on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Benchmark increased their target price on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Sanford C. Bernstein raised their price target on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. TD Cowen lowered their price target on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Finally, Susquehanna upped their price objective on Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Research Report on Texas Instruments
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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