TD Asset Management Inc reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 35.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 598,461 shares of the semiconductor company’s stock after selling 327,662 shares during the period. TD Asset Management Inc owned 0.07% of Texas Instruments worth $124,252,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in Texas Instruments during the 1st quarter valued at approximately $32,000. CBIZ Investment Advisory Services LLC raised its stake in Texas Instruments by 67.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 75 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Texas Instruments during the 1st quarter valued at approximately $42,000. Finally, Peoples Financial Services CORP. bought a new stake in Texas Instruments during the 2nd quarter valued at approximately $42,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $173.94 on Wednesday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. 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 company has a market cap of $158.14 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 2.86 and a beta of 1.01. The business’s 50 day moving average price is $187.88 and its 200 day moving average price is $185.67.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Friday, October 31st. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.
Analyst Ratings Changes
TXN has been the topic of several recent analyst reports. KeyCorp lifted their target price on Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. UBS Group set a $255.00 price objective on Texas Instruments in a research note on Tuesday, July 22nd. Morgan Stanley reduced their price objective on Texas Instruments from $197.00 to $192.00 and set an “underweight” rating on the stock in a research note on Friday, September 12th. Finally, Arete Research raised Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $213.03.
Check Out Our Latest Stock Report on Texas Instruments
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
Texas Instruments 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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