Praxis Investment Management Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 41.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,236 shares of the semiconductor company’s stock after buying an additional 5,022 shares during the period. Praxis Investment Management Inc.’s holdings in Texas Instruments were worth $3,346,000 as of its most recent filing with the SEC.
Several other large investors also recently modified their holdings of TXN. Koshinski Asset Management Inc. increased its stake in Texas Instruments by 1.3% in the first quarter. Koshinski Asset Management Inc. now owns 18,046 shares of the semiconductor company’s stock valued at $3,503,000 after purchasing an additional 237 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Texas Instruments by 4.1% during the 1st quarter. V Square Quantitative Management LLC now owns 20,028 shares of the semiconductor company’s stock worth $3,888,000 after purchasing an additional 794 shares in the last quarter. Evolution Wealth Management Inc. boosted its position in shares of Texas Instruments by 771.0% during the 1st quarter. Evolution Wealth Management Inc. now owns 270 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 239 shares in the last quarter. QRG Capital Management Inc. increased its position in Texas Instruments by 20.7% in the 1st quarter. QRG Capital Management Inc. now owns 124,162 shares of the semiconductor company’s stock valued at $24,105,000 after buying an additional 21,318 shares in the last quarter. Finally, Burford Brothers Inc. raised its stake in Texas Instruments by 1.7% during the 1st quarter. Burford Brothers Inc. now owns 7,274 shares of the semiconductor company’s stock worth $1,412,000 after buying an additional 122 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $293.08 on Friday. The company has a market cap of $266.73 billion, a PE ratio of 50.19, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The business has a 50 day moving average price of $298.36 and a 200-day moving average price of $234.87. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio is presently 97.26%.
Analyst Ratings Changes
Several research analysts have issued reports on the company. Sanford C. Bernstein initiated coverage on Texas Instruments in a report on Friday, May 22nd. They issued a “market perform” rating on the stock. The Goldman Sachs Group upped their target price on Texas Instruments from $175.00 to $200.00 and gave the stock a “sell” rating in a research report on Thursday, April 23rd. TD Cowen increased their target price on Texas Instruments from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. JPMorgan Chase & Co. lifted their price target on shares of Texas Instruments from $227.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Wolfe Research restated an “outperform” rating and set a $315.00 price objective on shares of Texas Instruments in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $276.84.
Insider Buying and Selling
In other Texas Instruments news, CFO Rafael R. Lizardi sold 47,734 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $308.10, for a total value of $14,706,845.40. Following the completion of the sale, the chief financial officer directly owned 85,485 shares of the company’s stock, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 8,838 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $306.41, for a total transaction of $2,708,051.58. Following the completion of the sale, the director owned 37,626 shares of the company’s stock, valued at approximately $11,528,982.66. This trade represents a 19.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 303,475 shares of company stock valued at $85,666,638 over the last 90 days. 0.60% of the stock is currently owned by company insiders.
Texas Instruments Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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