3Chopt Investment Partners LLC cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,498 shares of the semiconductor company’s stock after selling 107 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Texas Instruments were worth $934,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in Texas Instruments during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in Texas Instruments in the first quarter valued at $32,000. CBIZ Investment Advisory Services LLC increased its holdings 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 worth $33,000 after acquiring an additional 75 shares during the period. Quintet Private Bank Europe S.A. bought a new stake in Texas Instruments in the 1st quarter valued at about $34,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Texas Instruments in the 1st quarter valued at about $42,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
NASDAQ TXN opened at $178.96 on Friday. The stock’s 50-day moving average price is $188.45 and its two-hundred day moving average price is $185.80. The company has a market cap of $162.70 billion, a PE ratio of 32.78, a PEG ratio of 2.97 and a beta of 1.01. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a dividend of $1.42 per share. 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 annualized dividend and a yield of 3.2%. Texas Instruments’s dividend payout ratio (DPR) is presently 104.03%.
Insider Activity at Texas Instruments
In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have commented on the stock. 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 target price for the company. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Robert W. Baird lifted their target price on Texas Instruments from $175.00 to $220.00 and gave the company an “outperform” rating in a research note on Wednesday, July 23rd. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price target on the stock in a report on Monday, July 28th. Finally, Susquehanna lowered their price target on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $213.82.
Read Our Latest Report on Texas Instruments
About Texas Instruments
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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