Clifford Swan Investment Counsel LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 35,115 shares of the semiconductor company’s stock after selling 186 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Texas Instruments were worth $7,290,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in shares of Texas Instruments during the first quarter valued at about $28,000. Dagco Inc. bought a new stake in Texas Instruments in the 1st quarter worth about $32,000. CBIZ Investment Advisory Services LLC increased its stake in Texas Instruments by 67.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 75 shares during the last quarter. LGT Financial Advisors LLC increased its position in shares of Texas Instruments by 328.9% during the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 148 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter worth $40,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Down 5.6%
Shares of TXN stock opened at $170.71 on Thursday. The company has a market cap of $155.20 billion, a PE ratio of 31.21, a price-to-earnings-growth ratio of 3.06 and a beta of 1.01. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock’s 50 day simple moving average is $186.47 and its two-hundred day simple moving average is $185.81. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.
Analysts Set New Price Targets
TXN has been the subject of several recent research reports. DZ Bank reiterated a “sell” rating and issued a $158.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research note on Monday, July 28th. Arete Research upgraded shares of Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. TD Cowen lowered their price target on shares of Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday. Finally, The Goldman Sachs Group lowered their price target on Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $191.67.
View Our Latest Research Report on Texas Instruments
Insider Buying and Selling
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the company’s 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 transaction, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is 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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