Souders Financial Advisors lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 41.4% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,216 shares of the semiconductor company’s stock after selling 2,978 shares during the period. Souders Financial Advisors’ holdings in Texas Instruments were worth $875,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of TXN. Dagco Inc. bought a new position in Texas Instruments during the first quarter valued at $32,000. CBIZ Investment Advisory Services LLC boosted its holdings in 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 purchasing an additional 75 shares during the period. LGT Financial Advisors LLC boosted its holdings in Texas Instruments by 328.9% in the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 148 shares during the period. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter worth $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Texas Instruments during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
TXN opened at $163.57 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The company has a fifty day moving average of $179.29 and a 200 day moving average of $187.08. The stock has a market capitalization of $148.62 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a yield of 3.5%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is presently 103.84%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on TXN. Morgan Stanley set a $175.00 target price on shares of Texas Instruments in a research report on Wednesday, October 22nd. BNP Paribas upgraded shares of Texas Instruments to a “strong sell” rating in a research report on Wednesday, July 23rd. Rosenblatt Securities reduced their price target on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Truist Financial dropped their price objective on shares of Texas Instruments from $196.00 to $175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 22nd. Finally, Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $191.67.
Check Out Our Latest Stock Report on Texas Instruments
Insiders Place Their Bets
In other Texas Instruments 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 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. The trade was a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.57% of the company’s stock.
Texas Instruments Company 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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