RNC Capital Management LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 15,857 shares of the semiconductor company’s stock, valued at approximately $2,751,000.
Several other hedge funds also recently added to or reduced their stakes in TXN. Nicholas Hoffman & Company LLC. grew its position in Texas Instruments by 1.1% during the 4th quarter. Nicholas Hoffman & Company LLC. now owns 5,410 shares of the semiconductor company’s stock worth $939,000 after purchasing an additional 59 shares during the period. Principal Financial Group Inc. raised its stake in shares of Texas Instruments by 3.4% during the 4th quarter. Principal Financial Group Inc. now owns 1,086,775 shares of the semiconductor company’s stock valued at $188,545,000 after buying an additional 36,121 shares during the last quarter. Cerro Pacific Wealth Advisors LLC lifted its holdings in shares of Texas Instruments by 3.5% in the 4th quarter. Cerro Pacific Wealth Advisors LLC now owns 4,757 shares of the semiconductor company’s stock valued at $825,000 after buying an additional 162 shares during the period. QRG Capital Management Inc. lifted its holdings in shares of Texas Instruments by 0.5% in the 4th quarter. QRG Capital Management Inc. now owns 102,844 shares of the semiconductor company’s stock valued at $17,842,000 after buying an additional 515 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of Texas Instruments by 2.3% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,933 shares of the semiconductor company’s stock worth $1,029,000 after buying an additional 132 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
Shares of TXN stock opened at $280.89 on Tuesday. The company has a market capitalization of $255.64 billion, a P/E ratio of 48.10, a P/E/G ratio of 1.42 and a beta of 1.31. The business’s 50 day moving average is $212.93 and its two-hundred day moving average is $193.93. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $287.83.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th will be given a dividend of $1.42 per share. The ex-dividend date is Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Texas Instruments’s dividend payout ratio is currently 97.26%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on TXN. DZ Bank upgraded Texas Instruments to a “strong sell” rating in a research report on Monday, February 9th. Barclays set a $175.00 price objective on Texas Instruments in a research report on Wednesday, January 28th. Truist Financial raised their price objective on shares of Texas Instruments from $225.00 to $278.00 and gave the stock a “hold” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $205.00 target price on shares of Texas Instruments in a report on Wednesday, January 28th. Finally, Cantor Fitzgerald boosted their target price on shares of Texas Instruments from $250.00 to $280.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $257.68.
Check Out Our Latest Stock Analysis on Texas Instruments
Insider Buying and Selling at Texas Instruments
In related news, CFO Rafael R. Lizardi sold 64,532 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $220.74, for a total value of $14,244,793.68. Following the transaction, the chief financial officer directly owned 92,550 shares of the company’s stock, valued at approximately $20,429,487. This trade represents a 41.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Mohammad Yunus sold 51,098 shares of Texas Instruments stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $270.44, for a total value of $13,818,943.12. Following the completion of the sale, the vice president owned 52,856 shares in the company, valued at approximately $14,294,376.64. The trade was a 49.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 331,224 shares of company stock valued at $85,166,449. Insiders own 0.60% of the company’s stock.
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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