VCI Wealth Management LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor bought 8,388 shares of the semiconductor company’s stock, valued at approximately $1,628,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth about $25,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Texas Instruments during the 4th quarter worth about $26,000. Finally, Cornerstone Financial Management LLC acquired a new stake in Texas Instruments during the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Down 8.5%
NASDAQ TXN opened at $285.42 on Friday. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The business has a 50 day moving average price of $292.12 and a two-hundred day moving average price of $230.92. The stock has a market cap of $259.76 billion, a PE ratio of 48.87, a P/E/G ratio of 1.56 and a beta of 1.32.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $5.68 annualized dividend and a yield of 2.0%. Texas Instruments’s payout ratio is 97.26%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Amichai Ron sold 18,365 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $272.43, for a total value 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Mohammad Yunus sold 51,098 shares of the company’s stock in a transaction dated Wednesday, April 29th. The shares were sold at an average price of $270.44, for a total transaction of $13,818,943.12. Following the completion of the transaction, the vice president directly owned 52,856 shares of the company’s stock, valued at approximately $14,294,376.64. The trade was a 49.15% decrease in their ownership of the stock. 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 over the last three months. Insiders own 0.60% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have weighed in on the stock. Rosenblatt Securities lifted their price target on shares of Texas Instruments from $240.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. KeyCorp raised shares of Texas Instruments from an “overweight” rating to a “sector weight” rating in a research report on Friday, May 22nd. TD Cowen raised their target price on shares of Texas Instruments from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Mizuho lifted their target price on shares of Texas Instruments from $255.00 to $300.00 and gave the company a “neutral” rating in a report on Tuesday, May 19th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $273.04.
Check Out Our Latest Report on Texas Instruments
Texas Instruments 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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