Midwest Trust Co bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 13,738 shares of the semiconductor company’s stock, valued at approximately $2,852,000.
Other large investors also recently modified their holdings of the company. Woodmont Investment Counsel LLC grew its position in shares of Texas Instruments by 2.9% during the 2nd quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 47 shares during the last quarter. Confluence Wealth Services Inc. boosted its stake in Texas Instruments by 0.4% in the second quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock valued at $2,283,000 after acquiring an additional 48 shares during the period. Acropolis Investment Management LLC grew its holdings in shares of Texas Instruments by 2.9% during the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock valued at $389,000 after purchasing an additional 52 shares during the last quarter. Proathlete Wealth Management LLC raised its position in shares of Texas Instruments by 1.4% during the 2nd quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock worth $782,000 after purchasing an additional 53 shares during the period. Finally, Trivium Point Advisory LLC lifted its holdings in shares of Texas Instruments by 4.5% in the 1st quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock worth $226,000 after purchasing an additional 54 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Up 0.0%
Shares of TXN stock opened at $160.58 on Tuesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The business’s fifty day moving average is $176.76 and its 200-day moving average is $187.53. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock has a market cap of $145.91 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 103.84%.
Insider Activity at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’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 completion of the transaction, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.57% of the stock is currently owned by insiders.
Analyst Ratings Changes
TXN has been the subject of a number of analyst reports. Cantor Fitzgerald reduced their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, October 22nd. Wells Fargo & Company reduced their price target on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Seaport Res Ptn upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Monday, July 21st. Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research report on Monday, July 28th. Finally, DZ Bank restated a “sell” rating and issued a $158.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $191.67.
Check Out Our Latest Stock Analysis on TXN
Texas Instruments Company 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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