Econ Financial Services Corp acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,454 shares of the semiconductor company’s stock, valued at approximately $1,447,000.
Several other hedge funds also recently modified their holdings of TXN. Corundum Group Inc. boosted its stake in Texas Instruments by 2.2% during the first quarter. Corundum Group Inc. now owns 2,178 shares of the semiconductor company’s stock worth $423,000 after acquiring an additional 46 shares in the last quarter. Bogart Wealth LLC increased its stake in Texas Instruments by 7.8% in the fourth quarter. Bogart Wealth LLC now owns 647 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 47 shares in the last quarter. Larson Financial Group LLC increased its stake in Texas Instruments by 0.5% in the fourth quarter. Larson Financial Group LLC now owns 10,228 shares of the semiconductor company’s stock valued at $1,775,000 after purchasing an additional 47 shares in the last quarter. Sumitomo Life Insurance Co. raised its holdings in shares of Texas Instruments by 0.6% during the fourth quarter. Sumitomo Life Insurance Co. now owns 7,356 shares of the semiconductor company’s stock valued at $1,276,000 after purchasing an additional 47 shares during the period. Finally, HHM Wealth Advisors LLC boosted its position in shares of Texas Instruments by 3.0% during the 1st quarter. HHM Wealth Advisors LLC now owns 1,705 shares of the semiconductor company’s stock worth $331,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 8.5%
NASDAQ:TXN opened at $285.42 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.46 and a quick ratio of 2.94. The firm has a 50-day moving average of $292.12 and a 200-day moving average of $230.92. The company has a market cap of $259.76 billion, a PE ratio of 48.87, a PEG ratio of 1.56 and a beta of 1.32. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, May 5th. Texas Instruments’s dividend payout ratio (DPR) is currently 97.26%.
Insider Buying and Selling
In related news, VP Mohammad Yunus sold 51,098 shares of Texas Instruments stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $270.44, for a total transaction of $13,818,943.12. Following the transaction, the vice president owned 52,856 shares of the company’s stock, valued at $14,294,376.64. The trade was a 49.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $308.10, for a total value of $14,706,845.40. Following the sale, the chief financial officer owned 85,485 shares of the company’s stock, valued at $26,337,928.50. This trade represents a 35.83% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 303,475 shares of company stock valued at $85,666,638. 0.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
TXN has been the subject of several research reports. TD Cowen raised their target price on Texas Instruments from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 price target on shares of Texas Instruments in a research note on Thursday, April 23rd. Stifel Nicolaus increased their price target on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. HC Wainwright cut Texas Instruments to a “neutral” rating in a research note on Friday, May 22nd. Finally, Bank of America boosted their price objective on Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $273.04.
View 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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