Glenview Trust Co lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 1.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,140 shares of the semiconductor company’s stock after acquiring an additional 172 shares during the period. Glenview Trust Co’s holdings in Texas Instruments were worth $1,415,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of TXN. Fairfield Bush & CO. bought a new position in Texas Instruments in the first quarter worth $56,000. Mirae Asset Global Investments Co. Ltd. lifted its position in Texas Instruments by 32.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after purchasing an additional 243,907 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in Texas Instruments by 7.4% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after purchasing an additional 413 shares during the period. Wsfs Capital Management LLC bought a new position in Texas Instruments in the first quarter worth $337,000. Finally, Bridgefront Capital LLC bought a new position in shares of Texas Instruments during the first quarter valued at $315,000. Institutional investors and hedge funds own 83.12% of the company’s stock.
Texas Instruments Trading Down 0.6 %
Shares of Texas Instruments stock opened at $177.04 on Wednesday. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $191.34. The stock has a market cap of $160.68 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.41 and a beta of 1.02. The company has a quick ratio of 4.06, a current ratio of 4.92 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $172.92 and its 200-day moving average is $168.62.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Tuesday, January 31st will be issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Monday, January 30th. Texas Instruments’s payout ratio is presently 51.99%.
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,109 shares of the business’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now directly owns 27,306 shares of the company’s stock, valued at approximately $4,915,353.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Texas Instruments news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares of the company’s stock, valued at approximately $1,566,280.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ahmad Bahai sold 1,109 shares of the company’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Texas Instruments from $158.00 to $177.00 and gave the company a “hold” rating in a report on Monday. Cowen lowered their price objective on Texas Instruments from $170.00 to $160.00 in a research report on Wednesday, October 26th. Barclays lifted their price objective on Texas Instruments from $150.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Monday. Oppenheimer lowered their price objective on Texas Instruments from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Friday, October 21st. Finally, Morgan Stanley lowered their price objective on Texas Instruments from $160.00 to $152.00 and set an “underweight” rating for the company in a research report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $177.96.
About Texas Instruments
Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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