OLD Republic International Corp reduced its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 28.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 236,120 shares of the semiconductor company’s stock after selling 93,380 shares during the period. Texas Instruments accounts for about 2.6% of OLD Republic International Corp’s holdings, making the stock its 10th biggest holding. OLD Republic International Corp’s holdings in Texas Instruments were worth $70,242,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC acquired a new position in Texas Instruments during the second quarter worth approximately $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Texas Instruments during the first quarter worth approximately $27,000. High Point Wealth Management LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth approximately $25,000. Advocate Investing Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $25,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at $29,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 2.4%
Shares of Texas Instruments stock opened at $269.04 on Tuesday. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company has a market cap of $245.70 billion, a P/E ratio of 40.95, a PEG ratio of 1.09 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The firm has a fifty day moving average of $297.60 and a two-hundred day moving average of $251.50.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st will be issued a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Insiders Place Their Bets
In related news, VP Ahmad Bahai sold 5,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $309.13, for a total value of $1,545,650.00. Following the sale, the vice president directly owned 42,519 shares in the company, valued at $13,143,898.47. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carrie Smith Cox sold 8,838 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $306.41, for a total value of $2,708,051.58. Following the completion of the transaction, the director owned 37,626 shares of the company’s stock, valued at $11,528,982.66. The trade was a 19.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 66,535 shares of company stock valued at $20,425,724 over the last 90 days. 0.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
TXN has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Morgan Stanley lifted their price objective on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Susquehanna increased their target price on shares of Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Stifel Nicolaus raised their price target on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Finally, Arete Research set a $405.00 price target on Texas Instruments and gave the company a “buy” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average target price of $312.12.
Check Out Our Latest Analysis on Texas Instruments
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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