Birmingham Capital Management Co. Inc. AL lessened its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 40.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,270 shares of the semiconductor company’s stock after selling 4,220 shares during the quarter. Birmingham Capital Management Co. Inc. AL’s holdings in Texas Instruments were worth $1,302,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. Woodmont Investment Counsel LLC lifted its position in shares of Texas Instruments by 2.9% during the second quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 47 shares in the last quarter. Confluence Wealth Services Inc. grew its holdings in shares of 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 purchasing an additional 48 shares in the last quarter. Acropolis Investment Management LLC increased its stake in Texas Instruments by 2.9% during the 2nd quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after buying an additional 52 shares during the period. Proathlete Wealth Management LLC lifted its holdings in 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 buying an additional 53 shares in the last quarter. Finally, Trivium Point Advisory LLC boosted its position in Texas Instruments by 4.5% in the 1st quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.6%
NASDAQ:TXN opened at $176.58 on Monday. 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 $160.54 billion, a P/E ratio of 32.34, a P/E/G ratio of 2.99 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The stock has a 50-day simple moving average of $187.25 and a 200-day simple moving average of $185.76.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $1.42 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. Texas Instruments’s payout ratio is 99.63%.
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction 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 sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is owned by corporate insiders.
Analyst Upgrades and Downgrades
TXN has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $220.00 price objective on shares of Texas Instruments in a research report on Monday, September 8th. Truist Financial upped their price target on Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Wells Fargo & Company reduced their price target on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 23rd. Cantor Fitzgerald reissued a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Citigroup cut their target price on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $211.64.
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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