Allworth Financial LP cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 14.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,224 shares of the semiconductor company’s stock after selling 30,854 shares during the period. Allworth Financial LP’s holdings in Texas Instruments were worth $54,316,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Arizona State Retirement System raised its holdings in Texas Instruments by 1.5% during the 2nd quarter. Arizona State Retirement System now owns 252,636 shares of the semiconductor company’s stock worth $75,303,000 after buying an additional 3,690 shares during the period. West Family Investments Inc. acquired a new position in shares of Texas Instruments in the second quarter worth about $831,000. Bank OZK increased its position in shares of Texas Instruments by 6.6% in the second quarter. Bank OZK now owns 13,885 shares of the semiconductor company’s stock worth $4,139,000 after acquiring an additional 863 shares in the last quarter. Empirical Finance LLC increased its position in shares of Texas Instruments by 3.5% in the second quarter. Empirical Finance LLC now owns 31,603 shares of the semiconductor company’s stock worth $9,420,000 after acquiring an additional 1,069 shares in the last quarter. Finally, Nykredit A S acquired a new stake in shares of Texas Instruments during the second quarter valued at approximately $72,938,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.2%
Shares of TXN stock traded up $0.48 on Tuesday, hitting $258.92. The company’s stock had a trading volume of 5,436,704 shares, compared to its average volume of 7,849,725. The stock has a market capitalization of $236.46 billion, a price-to-earnings ratio of 39.41, a P/E/G ratio of 1.45 and a beta of 1.33. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The firm’s fifty day moving average price is $279.64 and its 200-day moving average price is $261.70. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Analyst Ratings Changes
A number of equities analysts recently commented on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Texas Instruments in a research note on Monday, August 17th. Benchmark boosted their target price on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Evercore restated an “outperform” rating and issued a $330.00 target price on shares of Texas Instruments in a report on Thursday, July 23rd. JPMorgan Chase & Co. raised their target price on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Finally, Bank of America lifted their price target on Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Two 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Insider Buying and Selling at Texas Instruments
In related news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president directly owned 23,181 shares in the company, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.
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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