Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 290.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,925 shares of the semiconductor company’s stock after buying an additional 5,153 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Texas Instruments were worth $1,201,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Pathway Financial Advisers LLC lifted its stake in shares of Texas Instruments by 0.8% during the 2nd quarter. Pathway Financial Advisers LLC now owns 7,007 shares of the semiconductor company’s stock worth $1,455,000 after purchasing an additional 55 shares during the last quarter. BOS Asset Management LLC grew its stake in Texas Instruments by 4.4% in the fourth quarter. BOS Asset Management LLC now owns 1,324 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 56 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Texas Instruments by 3.4% in the second quarter. Prestige Wealth Management Group LLC now owns 1,788 shares of the semiconductor company’s stock valued at $371,000 after purchasing an additional 59 shares during the last quarter. Traveka Wealth LLC raised its holdings in Texas Instruments by 4.8% in the third quarter. Traveka Wealth LLC now owns 1,371 shares of the semiconductor company’s stock worth $252,000 after purchasing an additional 63 shares in the last quarter. Finally, Bond & Devick Financial Network Inc. lifted its position in shares of Texas Instruments by 6.2% during the third quarter. Bond & Devick Financial Network Inc. now owns 1,118 shares of the semiconductor company’s stock valued at $205,000 after buying an additional 65 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Texas Instruments stock opened at $194.87 on Friday. The stock has a 50-day moving average price of $206.55 and a 200 day moving average price of $186.32. The company has a market capitalization of $177.42 billion, a price-to-earnings ratio of 35.82, a price-to-earnings-growth ratio of 1.77 and a beta of 1.01. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $231.32. The company has a quick ratio of 2.83, a current ratio of 4.35 and a debt-to-equity ratio of 0.83.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were paid a $1.42 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.9%. Texas Instruments’s dividend payout ratio is presently 104.41%.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on the stock. Bank of America raised shares of Texas Instruments from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $185.00 to $235.00 in a research report on Wednesday, January 28th. Benchmark raised their target price on shares of Texas Instruments from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Morgan Stanley reaffirmed an “underweight” rating and issued a $180.00 price target on shares of Texas Instruments in a report on Wednesday, January 28th. Stifel Nicolaus increased their price objective on Texas Instruments from $200.00 to $215.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Finally, Susquehanna raised their price objective on Texas Instruments from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $214.77.
Insider Activity
In related news, VP Mark Gary sold 12,921 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.10, for a total transaction of $2,973,122.10. Following the completion of the transaction, the vice president directly owned 45,547 shares in the company, valued at $10,480,364.70. The trade was a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ahmad Bahai sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.79, for a total transaction of $1,500,135.00. Following the completion of the sale, the vice president directly owned 42,488 shares in the company, valued at approximately $9,805,805.52. The trade was a 13.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 114,284 shares of company stock valued at $25,531,935 over the last quarter. Insiders own 0.60% of the company’s stock.
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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