Worth Asset Management LLC cut its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 30.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,485 shares of the semiconductor company’s stock after selling 1,066 shares during the period. Worth Asset Management LLC’s holdings in Texas Instruments were worth $516,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in TXN. Cloud Capital Management LLC acquired a new stake in shares of Texas Instruments in the 1st quarter valued at about $28,000. Copia Wealth Management acquired a new stake in shares of Texas Instruments in the 4th quarter valued at about $30,000. Dagco Inc. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at about $32,000. CBIZ Investment Advisory Services LLC grew its stake 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 valued at $33,000 after buying an additional 75 shares during the period. Finally, Quintet Private Bank Europe S.A. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at about $34,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Price Performance
Texas Instruments stock opened at $181.62 on Friday. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company’s 50 day moving average price is $194.96 and its two-hundred day moving average price is $185.97. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market cap of $165.12 billion, a P/E ratio of 33.26, a P/E/G ratio of 2.94 and a beta of 1.02.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. Texas Instruments’s payout ratio is presently 99.63%.
Analysts Set New Price Targets
TXN has been the subject of several research reports. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. The Goldman Sachs Group began coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They issued a “buy” rating and a $255.00 price target on the stock. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $195.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley dropped their price target on shares of Texas Instruments from $197.00 to $192.00 and set an “underweight” rating on the stock in a research report on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $213.82.
Check Out Our Latest Stock Analysis on TXN
Insider Activity at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments 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 owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.57% of the company’s stock.
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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