Independent Solutions Wealth Management LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,147 shares of the semiconductor company’s stock after purchasing an additional 205 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Texas Instruments were worth $2,522,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock valued at $16,895,567,000 after buying an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after acquiring an additional 428,356 shares during the last quarter. Invesco Ltd. increased its stake in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Texas Instruments by 20.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock valued at $2,371,657,000 after buying an additional 2,257,086 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Texas Instruments by 0.9% in the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock worth $1,885,770,000 after acquiring an additional 95,980 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.8%
Shares of NASDAQ TXN opened at $181.81 on Tuesday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a 50-day moving average of $188.93 and a two-hundred day moving average of $185.94. The company has a market cap of $165.29 billion, a PE ratio of 33.30, a P/E/G ratio of 2.95 and a beta of 1.01. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86.
Texas Instruments Increases Dividend
The business also recently declared 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 is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. Texas Instruments’s dividend payout ratio (DPR) is currently 104.03%.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. DZ Bank restated a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. BNP Paribas upgraded Texas Instruments to a “strong sell” rating in a research report on Wednesday, July 23rd. TD Cowen lowered their price target on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a report on Wednesday, July 23rd. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Seaport Res Ptn raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $213.82.
Check Out Our Latest Stock Report on TXN
Insider Activity
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.57% of the stock is owned by corporate insiders.
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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