Dumont & Blake Investment Advisors LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,758 shares of the semiconductor company’s stock after selling 58 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Texas Instruments were worth $1,403,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. Brighton Jones LLC grew its position in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares during the last quarter. GAMMA Investing LLC grew its position in Texas Instruments by 21.8% during the 1st quarter. GAMMA Investing LLC now owns 19,043 shares of the semiconductor company’s stock worth $3,422,000 after purchasing an additional 3,402 shares during the last quarter. Advisor Resource Council grew its position in Texas Instruments by 96.8% during the 1st quarter. Advisor Resource Council now owns 4,019 shares of the semiconductor company’s stock worth $722,000 after purchasing an additional 1,977 shares during the last quarter. Covea Finance grew its position in Texas Instruments by 160.3% during the 1st quarter. Covea Finance now owns 150,850 shares of the semiconductor company’s stock worth $27,108,000 after purchasing an additional 92,900 shares during the last quarter. Finally, North Growth Management Ltd. grew its position in Texas Instruments by 1.8% during the 1st quarter. North Growth Management Ltd. now owns 58,000 shares of the semiconductor company’s stock worth $10,358,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of NASDAQ TXN opened at $176.58 on Friday. The company’s fifty day moving average price is $187.25 and its 200 day moving average price is $185.61. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The company has a market capitalization of $160.54 billion, a PE ratio of 32.34, a price-to-earnings-growth 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.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $1.42 per share. This is a boost 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 is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 104.03%.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. 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 research report on Wednesday, July 23rd. Benchmark reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Texas Instruments in a report on Monday, September 8th. Susquehanna dropped their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Tuesday, July 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, Morgan Stanley dropped their price objective on shares of Texas Instruments from $197.00 to $192.00 and set an “underweight” rating on the stock in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $211.64.
Read Our Latest Stock Analysis on Texas Instruments
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
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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