Parkway Wealth Management Group LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the first quarter, Holdings Channel reports. The firm purchased 12,560 shares of the semiconductor company’s stock, valued at approximately $2,700,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Artisan Partners Limited Partnership lifted its holdings in shares of Texas Instruments by 1.7% during the 3rd quarter. Artisan Partners Limited Partnership now owns 758,349 shares of the semiconductor company’s stock worth $139,331,000 after acquiring an additional 12,562 shares during the period. Swiss Life Asset Management Ltd increased its stake in Texas Instruments by 10.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after acquiring an additional 50,808 shares during the last quarter. CI Investments Inc. raised its position in Texas Instruments by 39.8% during the third quarter. CI Investments Inc. now owns 523,484 shares of the semiconductor company’s stock valued at $96,180,000 after purchasing an additional 149,099 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Texas Instruments during the fourth quarter valued at approximately $640,000. Finally, Sumitomo Mitsui Financial Group Inc. lifted its stake in Texas Instruments by 46.6% during the third quarter. Sumitomo Mitsui Financial Group Inc. now owns 25,507 shares of the semiconductor company’s stock worth $4,686,000 after purchasing an additional 8,104 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $311.81 on Friday. The firm’s fifty day moving average price is $290.74 and its two-hundred day moving average price is $230.53. The stock has a market cap of $283.78 billion, a PE ratio of 53.39, a PEG ratio of 1.52 and a beta of 1.32. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 annualized dividend and a yield of 1.8%. Texas Instruments’s dividend payout ratio (DPR) is currently 97.26%.
Insider Transactions at Texas Instruments
In other news, VP Mohammad Yunus sold 51,098 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $270.44, for a total value of $13,818,943.12. Following the completion of the transaction, the vice president owned 52,856 shares of the company’s stock, valued at $14,294,376.64. This represents a 49.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Rafael R. Lizardi sold 47,734 shares of the firm’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 completion of the transaction, the chief financial officer owned 85,485 shares of the company’s stock, valued at approximately $26,337,928.50. This trade represents a 35.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 303,475 shares of company stock valued at $85,666,638. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on TXN shares. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Texas Instruments in a report on Friday, May 29th. Bank of America boosted their price target on Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price objective on Texas Instruments from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. UBS Group raised their price objective on Texas Instruments from $260.00 to $295.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Mizuho lifted their target price on Texas Instruments from $255.00 to $300.00 and gave the company a “neutral” rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $273.04.
Read Our Latest Research Report on TXN
Texas Instruments Company Profile
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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