Concurrent Investment Advisors LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 21,923 shares of the semiconductor company’s stock after acquiring an additional 1,799 shares during the period. Concurrent Investment Advisors LLC’s holdings in Texas Instruments were worth $4,552,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at $28,000. Dagco Inc. acquired a new stake in Texas Instruments in the first quarter valued at $32,000. CBIZ Investment Advisory Services LLC increased its holdings in Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. Peoples Financial Services CORP. acquired a new stake in Texas Instruments in the second quarter valued at $42,000. Finally, N.E.W. Advisory Services LLC acquired a new stake in Texas Instruments in the first quarter valued at $42,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN opened at $171.70 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The stock has a 50-day moving average of $188.26 and a 200-day moving average of $185.76. The company has a market cap of $156.10 billion, a PE ratio of 31.45, a P/E/G ratio of 2.80 and a beta of 1.01. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is 104.03%.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Texas Instruments in a report on Wednesday, October 8th. Rosenblatt Securities restated a “buy” rating and issued a $245.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. UBS Group set a $255.00 price objective on Texas Instruments in a report on Tuesday, July 22nd. The Goldman Sachs Group assumed coverage on Texas Instruments in a report on Thursday, July 10th. They issued a “buy” rating and a $255.00 price objective for the company. Finally, Wells Fargo & Company decreased their price objective on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $213.82.
Read Our Latest Analysis on TXN
Insider Activity at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by corporate insiders.
Texas Instruments Profile
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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