Saturna Capital Corp increased its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 272,025 shares of the semiconductor company’s stock after buying an additional 5,962 shares during the period. Saturna Capital Corp’s holdings in Texas Instruments were worth $56,478,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Woodmont Investment Counsel LLC boosted its stake in shares of Texas Instruments by 2.9% in the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 47 shares during the period. Confluence Wealth Services Inc. lifted its holdings in Texas Instruments by 0.4% in the 2nd quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $2,283,000 after purchasing an additional 48 shares in the last quarter. Acropolis Investment Management LLC boosted its stake in Texas Instruments by 2.9% in the 2nd quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 52 shares during the period. Proathlete Wealth Management LLC raised its position in shares of Texas Instruments by 1.4% during the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock valued at $782,000 after buying an additional 53 shares during the last quarter. Finally, Trivium Point Advisory LLC lifted its holdings in shares of Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock worth $226,000 after buying an additional 54 shares in the last quarter. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Up 1.5%
TXN opened at $157.32 on Wednesday. The stock has a 50-day moving average of $173.06 and a 200 day moving average of $187.44. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The firm has a market cap of $142.94 billion, a P/E ratio of 28.76, a P/E/G ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.6%. Texas Instruments’s payout ratio is presently 103.84%.
Insiders Place Their Bets
In related 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 transaction of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Christine Witzsche sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the sale, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. The trade was a 4.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on TXN. Wells Fargo & Company cut their target price on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on Texas Instruments in a research report on Wednesday, October 22nd. The Goldman Sachs Group decreased their target price on Texas Instruments from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Mizuho set a $145.00 price target on Texas Instruments in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $191.67.
Get Our Latest Report on Texas Instruments
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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