United Advisor Group LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, Holdings Channel reports. The institutional investor bought 1,503 shares of the semiconductor company’s stock, valued at approximately $312,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXN. Black Creek Investment Management Inc. purchased a new stake in Texas Instruments during the 2nd quarter worth approximately $603,000. First American Trust FSB boosted its stake in shares of Texas Instruments by 9.1% in the second quarter. First American Trust FSB now owns 3,188 shares of the semiconductor company’s stock worth $662,000 after acquiring an additional 266 shares during the last quarter. Empowered Funds LLC increased its position in shares of Texas Instruments by 1.7% during the second quarter. Empowered Funds LLC now owns 80,872 shares of the semiconductor company’s stock worth $16,791,000 after purchasing an additional 1,318 shares in the last quarter. Vanguard Group Inc. raised its stake in Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its holdings in Texas Instruments by 17.1% in the 2nd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,686 shares of the semiconductor company’s stock valued at $558,000 after purchasing an additional 393 shares in the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $157.09 on Thursday. The company’s 50-day moving average is $172.52 and its two-hundred day moving average is $187.23. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The firm has a market capitalization of $142.74 billion, a price-to-earnings ratio of 28.72, a PEG ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were given a $1.42 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 103.84%.
Wall Street Analyst Weigh In
TXN has been the subject of a number of recent research reports. Robert W. Baird set a $195.00 target price on shares of Texas Instruments and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Susquehanna dropped their price objective on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, October 22nd. Benchmark reiterated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Cowen restated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, DZ Bank restated a “sell” rating and issued a $158.00 price target on shares of Texas Instruments 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, eleven have assigned a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $191.67.
Check Out Our Latest Report on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were 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 owned 20,821 shares in the company, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.57% of the company’s stock.
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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