Icon Wealth Advisors LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,593 shares of the semiconductor company’s stock after selling 2,359 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Texas Instruments were worth $2,844,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments in the 2nd quarter worth about $25,000. High Point Wealth Management LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Advocate Investing Services LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Ares Financial Consulting LLC bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Finally, Cornerstone Financial Management LLC bought a new position in Texas Instruments in the 4th quarter worth about $27,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Up 1.4%
NASDAQ:TXN opened at $301.12 on Friday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $331.51. The firm has a 50 day moving average of $271.64 and a 200 day moving average of $221.18. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $274.05 billion, a price-to-earnings ratio of 51.56, a PEG ratio of 1.51 and a beta of 1.32.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. Texas Instruments’s dividend payout ratio is presently 97.26%.
Insider Buying and Selling at Texas Instruments
In other Texas Instruments news, CFO Rafael R. Lizardi sold 47,734 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the transaction, the chief financial officer owned 85,485 shares in the company, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Amichai Ron sold 18,365 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $272.43, for a total transaction of $5,003,176.95. Following the transaction, the vice president owned 81,085 shares in the company, valued at $22,089,986.55. The trade was a 18.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 303,475 shares of company stock worth $85,666,638 in the last three months. 0.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts have commented on TXN shares. Wells Fargo & Company upped their target price on shares of Texas Instruments from $260.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Bank of America upped their price target on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Rosenblatt Securities upped their price target on shares of Texas Instruments from $240.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus target price of $267.11.
View Our Latest Research Report on Texas Instruments
About Texas Instruments
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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