Sterling Capital Management LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 31.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,491 shares of the semiconductor company’s stock after selling 5,842 shares during the quarter. Sterling Capital Management LLC’s holdings in Texas Instruments were worth $2,425,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TXN. High Point Wealth Management LLC acquired a new stake in Texas Instruments during the 4th quarter worth approximately $25,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments in the second quarter valued at approximately $25,000. Advocate Investing Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Finally, Cornerstone Financial Management LLC acquired a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
TXN opened at $285.42 on Monday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. The company has a market cap of $259.76 billion, a price-to-earnings ratio of 48.87, a PEG ratio of 1.43 and a beta of 1.32. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The business’s fifty day moving average is $292.12 and its two-hundred day moving average is $231.27.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a dividend of $1.42 per share. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Texas Instruments’s payout ratio is presently 97.26%.
Insider Buying and Selling
In other news, VP Ahmad Bahai sold 5,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. Following the sale, the vice president directly owned 42,519 shares in the company, valued at $13,143,898.47. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Haviv Ilan sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the transaction, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. This trade represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 303,475 shares of company stock valued at $85,666,638. 0.60% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Truist Financial boosted their price objective on shares of Texas Instruments from $225.00 to $278.00 and gave the company a “hold” rating in a research note on Thursday, April 23rd. Stifel Nicolaus boosted their price target on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. Weiss Ratings raised shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Susquehanna reiterated a “positive” rating and set a $300.00 target price on shares of Texas Instruments in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $273.04.
Read Our Latest Stock Report on Texas Instruments
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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