Sax Wealth Advisors LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,120 shares of the semiconductor company’s stock, valued at approximately $232,000.
Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of Texas Instruments during the 1st quarter valued at $28,000. Dagco Inc. purchased a new stake in Texas Instruments in the 1st quarter worth $32,000. CBIZ Investment Advisory Services LLC lifted its stake in Texas Instruments by 67.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 75 shares in the last quarter. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments in the 1st quarter worth about $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Texas Instruments in the 1st quarter worth about $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 1.5%
NASDAQ:TXN opened at $178.96 on Friday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The firm has a 50 day moving average of $188.45 and a 200 day moving average of $185.80. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $162.70 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.97 and a beta of 1.01.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $1.42 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio is 104.03%.
Insider Activity
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were 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 of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
TXN has been the topic of several analyst reports. Cowen reiterated a “hold” rating on shares of Texas Instruments in a report on Wednesday, June 25th. TD Cowen dropped their target price on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Rosenblatt Securities restated a “buy” rating and issued a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Arete started coverage on shares of Texas Instruments in a research note on Thursday, June 26th. They issued a “neutral” rating and a $203.80 target price on the stock. Finally, Robert W. Baird upped their price target on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $213.82.
View Our Latest Research Report on Texas Instruments
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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