Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 688,612 shares of the semiconductor company’s stock after selling 95,104 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Texas Instruments were worth $142,970,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Dagco Inc. purchased a new stake in Texas Instruments during the first quarter worth $32,000. CBIZ Investment Advisory Services LLC boosted its position in shares of 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 buying an additional 75 shares in the last quarter. LGT Financial Advisors LLC grew its stake in Texas Instruments by 328.9% in the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 148 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in Texas Instruments during the 2nd quarter valued at about $40,000. Finally, N.E.W. Advisory Services LLC acquired a new position in Texas Instruments during the first quarter worth about $42,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
TXN stock opened at $159.73 on Wednesday. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The stock’s fifty day simple moving average is $175.95 and its 200-day simple moving average is $187.50. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $145.13 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.
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 issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is currently 103.84%.
Analyst Upgrades and Downgrades
TXN has been the subject of a number of recent research reports. UBS Group set a $245.00 price objective on shares of Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Truist Financial dropped their price target on Texas Instruments from $196.00 to $175.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Instruments in a report on Wednesday, October 8th. Wolfe Research raised 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, Rosenblatt Securities dropped their price objective on Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $191.67.
View Our Latest Stock Analysis on TXN
Insider Buying and Selling at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by insiders.
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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