TD Waterhouse Canada Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 43.9% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,870 shares of the semiconductor company’s stock after purchasing an additional 8,801 shares during the period. TD Waterhouse Canada Inc.’s holdings in Texas Instruments were worth $6,074,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in TXN. Dagco Inc. bought a new stake in Texas Instruments during the 1st quarter worth about $32,000. CBIZ Investment Advisory Services LLC increased its position in shares of Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 75 shares during the last quarter. LGT Financial Advisors LLC raised its holdings in Texas Instruments by 328.9% during the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 148 shares in the last quarter. Mid American Wealth Advisory Group Inc. acquired a new position in Texas Instruments during the second quarter valued at approximately $40,000. Finally, N.E.W. Advisory Services LLC bought a new position in Texas Instruments in the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of TXN stock opened at $153.33 on Friday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a market capitalization of $139.32 billion, a price-to-earnings ratio of 28.03, a PEG ratio of 3.05 and a beta of 1.02. The company has a 50-day simple moving average of $171.90 and a 200 day simple moving average of $186.99. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a yield of 3.7%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is currently 103.84%.
Insider Buying and Selling at Texas Instruments
In other news, VP Christine Witzsche sold 1,000 shares of Texas Instruments stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the sale, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction dated 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. This trade represents a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.57% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on TXN shares. Cowen reiterated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. Citigroup dropped their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. UBS Group set a $245.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, October 22nd. Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective on the stock in a research note on Monday, July 28th. Finally, Susquehanna cut their target price on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $191.67.
Read Our Latest Research 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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