Mitchell Sinkler & Starr PA lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,609 shares of the semiconductor company’s stock after buying an additional 134 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Texas Instruments were worth $1,372,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Texas Instruments by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after purchasing an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Texas Instruments by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after purchasing an additional 428,356 shares in the last quarter. Invesco Ltd. boosted its position in Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after purchasing an additional 2,257,086 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Texas Instruments by 0.9% during the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock worth $1,885,770,000 after purchasing an additional 95,980 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $171.70 on Friday. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The company has a market cap of $156.10 billion, a price-to-earnings ratio of 31.45, a PEG ratio of 2.80 and a beta of 1.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The business’s 50 day moving average price is $188.26 and its 200 day moving average price is $185.72.
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 represents a $5.68 annualized dividend and a yield of 3.3%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 99.63%.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. TD Cowen lowered their price target on Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a research report on Wednesday, July 23rd. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Stifel Nicolaus raised their target price on Texas Instruments from $160.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Texas Instruments in a research report on Wednesday. Finally, The Goldman Sachs Group began coverage on Texas Instruments in a research report on Thursday, July 10th. They issued a “buy” rating and a $255.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $213.82.
Check Out Our Latest Stock Report on Texas Instruments
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was 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 owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.
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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