Ascentis Independent Advisors grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 49.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 9,514 shares of the semiconductor company’s stock after acquiring an additional 3,134 shares during the period. Ascentis Independent Advisors’ holdings in Texas Instruments were worth $1,847,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TXN. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments during the second quarter valued at $25,000. Portus Wealth Advisors LLC purchased a new position in Texas Instruments in the 1st quarter worth about $27,000. High Point Wealth Management LLC purchased a new position in Texas Instruments in the 4th quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in Texas Instruments during the 4th quarter worth about $25,000. Finally, Ares Financial Consulting LLC purchased a new stake in Texas Instruments during the fourth quarter valued at about $26,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Trading Up 3.6%
Shares of NASDAQ:TXN opened at $303.50 on Tuesday. The firm has a fifty day moving average of $298.36 and a two-hundred day moving average of $235.27. 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 12-month low of $152.73 and a 12-month high of $334.03. The firm has a market capitalization of $276.21 billion, a P/E ratio of 51.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.32.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s dividend payout ratio is presently 97.26%.
Insider Activity at Texas Instruments
In other news, VP Shanon J. Leonard sold 4,963 shares of Texas Instruments stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $295.22, for a total transaction of $1,465,176.86. Following the completion of the sale, the vice president directly owned 24,867 shares in the company, valued at $7,341,235.74. The trade was a 16.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $280.32, for a total value of $5,606,400.00. Following the completion of the sale, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 303,475 shares of company stock worth $85,666,638. 0.60% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price target on shares of Texas Instruments from $225.00 to $278.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. Sanford C. Bernstein began coverage on shares of Texas Instruments in a research note on Friday, May 22nd. They set a “market perform” rating on the stock. The Goldman Sachs Group increased their target price on Texas Instruments from $175.00 to $200.00 and gave the company a “sell” rating in a report on Thursday, April 23rd. Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Texas Instruments from $227.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $276.84.
View Our Latest Stock Report on TXN
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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