Burney Co. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 35.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,618 shares of the semiconductor company’s stock after selling 3,085 shares during the quarter. Burney Co.’s holdings in Texas Instruments were worth $1,091,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Strategic Wealth Investment Group LLC acquired a new position in Texas Instruments during the second quarter worth $25,000. Portus Wealth Advisors LLC bought a new position in Texas Instruments during the first quarter valued at about $27,000. High Point Wealth Management LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth about $25,000. Advocate Investing Services LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth about $25,000. Finally, Ares Financial Consulting LLC bought a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ:TXN opened at $301.32 on Thursday. The company has a market cap of $274.23 billion, a price-to-earnings ratio of 51.60, a PEG ratio of 1.47 and a beta of 1.32. The business has a 50 day moving average price of $299.75 and a 200 day moving average price of $237.87. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, May 5th. Texas Instruments’s dividend payout ratio is presently 97.26%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Shanon J. Leonard sold 4,963 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $295.22, for a total value of $1,465,176.86. Following the completion of the sale, the vice president directly owned 24,867 shares of the company’s stock, valued at $7,341,235.74. This represents a 16.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the transaction, the chief financial officer owned 85,485 shares in the company, valued at approximately $26,337,928.50. The trade was a 35.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 303,475 shares of company stock worth $85,666,638. 0.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. TD Cowen raised their price objective on Texas Instruments from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Robert W. Baird upped their target price on Texas Instruments from $225.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Benchmark lifted their price target on shares of Texas Instruments from $250.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group boosted their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, April 23rd. Finally, Sanford C. Bernstein began coverage on shares of Texas Instruments in a research note on Friday, May 22nd. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $276.84.
Read Our Latest Stock Analysis on Texas Instruments
About Texas Instruments
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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