HMV Wealth Advisors LLC trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 13.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,793 shares of the semiconductor company’s stock after selling 423 shares during the quarter. HMV Wealth Advisors LLC’s holdings in Texas Instruments were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Foresight Capital Management Advisors Inc. lifted its holdings in Texas Instruments by 7.2% during the second quarter. Foresight Capital Management Advisors Inc. now owns 13,465 shares of the semiconductor company’s stock valued at $2,796,000 after purchasing an additional 901 shares in the last quarter. Defined Financial Planning LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at $427,000. Trueblood Wealth Management LLC purchased a new position in shares of Texas Instruments during the 2nd quarter valued at $203,000. SteelPeak Wealth LLC boosted its holdings in Texas Instruments by 118.5% in the 2nd quarter. SteelPeak Wealth LLC now owns 115,008 shares of the semiconductor company’s stock worth $23,878,000 after buying an additional 62,379 shares during the period. Finally, Mraz Amerine & Associates Inc. purchased a new stake in Texas Instruments in the 2nd quarter worth $443,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $181.81 on Tuesday. The company has a market cap of $165.29 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 2.95 and a beta of 1.01. The firm’s fifty day moving average is $188.93 and its 200 day moving average is $185.94. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.
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 paid a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.1%. Texas Instruments’s payout ratio is presently 104.03%.
Analyst Ratings Changes
Several equities analysts have recently commented on the company. DZ Bank restated a “sell” rating and issued a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Arete started coverage on Texas Instruments in a research note on Thursday, June 26th. They set a “neutral” rating and a $203.80 target price on the stock. Robert W. Baird upped their price target on Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. KeyCorp lifted their price objective on shares of Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Finally, Mizuho lowered 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. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $213.82.
View Our Latest Analysis on Texas Instruments
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction that occurred 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 owned 38,883 shares in the company, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company 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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