Community Bank of Raymore grew its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 24.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,435 shares of the semiconductor company’s stock after acquiring an additional 880 shares during the period. Community Bank of Raymore’s holdings in Texas Instruments were worth $921,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of TXN. Cloud Capital Management LLC bought a new stake in shares of Texas Instruments during the 1st quarter worth approximately $28,000. Dagco Inc. acquired a new position in Texas Instruments during the first quarter worth $32,000. CBIZ Investment Advisory Services LLC raised its position in Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 75 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Texas Instruments in the first quarter valued at $42,000. Finally, Peoples Financial Services CORP. bought a new position in shares of Texas Instruments in the 2nd quarter valued at about $42,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $176.58 on Monday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The stock’s 50 day moving average is $187.25 and its 200-day moving average is $185.76. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $160.54 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.99 and a beta of 1.01.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 99.63%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the business’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 sale, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.57% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
TXN has been the topic of a number of research analyst reports. Mizuho dropped their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Arete Research upgraded Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. KeyCorp lifted their target price on Texas Instruments from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Bank of America lowered Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $208.00 to $190.00 in a report on Monday, October 13th. Finally, Cowen restated a “hold” rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $211.64.
Check Out Our Latest Report on TXN
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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