Empirical Financial Services LLC d.b.a. Empirical Wealth Management trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 91,487 shares of the semiconductor company’s stock after selling 952 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Texas Instruments were worth $18,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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 worth $11,462,000 after buying an additional 6,267 shares in the last quarter. Independent Advisor Alliance increased its stake in Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock worth $4,795,000 after buying an additional 1,232 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC purchased a new stake in Texas Instruments in the 2nd quarter worth $326,000. Farther Finance Advisors LLC increased its stake in Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock worth $3,397,000 after buying an additional 4,191 shares in the last quarter. Finally, Gries Financial LLC purchased a new stake in Texas Instruments in the 1st quarter worth $243,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 1.1%
Shares of NASDAQ:TXN opened at $182.32 on Friday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a 50-day moving average price of $189.18 and a 200 day moving average price of $185.85. The company has a market cap of $165.75 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 2.95 and a beta of 1.01.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. 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. Texas Instruments’s payout ratio is 99.63%.
Insider Activity at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction dated 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 transaction, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Arete Research upgraded Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their price objective on Texas Instruments from $160.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Robert W. Baird raised their price objective on Texas Instruments from $175.00 to $220.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $213.82.
Get Our Latest Stock Report on TXN
About Texas Instruments
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.
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