Riversedge Advisors LLC purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,165 shares of the semiconductor company’s stock, valued at approximately $606,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TXN. HBW Advisory Services LLC increased its stake in Texas Instruments by 2.2% during the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock worth $336,000 after buying an additional 37 shares during the period. Montz Harcus Wealth Management LLC boosted its position in Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after buying an additional 38 shares during the period. Livforsakringsbolaget Skandia Omsesidigt grew its stake in shares of Texas Instruments by 0.6% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock worth $1,157,000 after acquiring an additional 38 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of Texas Instruments by 0.6% in the third quarter. Moody National Bank Trust Division now owns 6,063 shares of the semiconductor company’s stock worth $1,698,000 after acquiring an additional 39 shares in the last quarter. Finally, Absher Wealth Management LLC increased its position in shares of Texas Instruments by 1.0% during the first quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock worth $820,000 after acquiring an additional 42 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 1.7%
TXN traded down $4.84 on Friday, reaching $283.36. The company’s stock had a trading volume of 1,762,413 shares, compared to its average volume of 7,573,196. The stock has a 50 day moving average of $271.37 and a two-hundred day moving average of $273.26. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $258.77 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 1.62 and a beta of 1.35. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Friday, October 30th will be paid a dividend of $1.52 per share. The ex-dividend date is Friday, October 30th. This represents a $6.08 annualized dividend and a yield of 2.1%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. Texas Instruments’s dividend payout ratio (DPR) is 92.54%.
Insiders Place Their Bets
In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president owned 23,181 shares in the company, valued at $6,134,388.03. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TXN shares. Susquehanna lifted their target price on Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Rosenblatt Securities increased their price target on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, July 24th. The Goldman Sachs Group lifted their price objective on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $380.00 price objective (up from $350.00) on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Sixteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $304.26.
Check Out Our Latest Report on Texas Instruments
Texas Instruments Company Profile
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures analog and embedded semiconductor products used in industrial, automotive, personal electronics, communications equipment, and enterprise systems. Its analog products help manage power, sense and measure real-world signals, and support signal processing, while its embedded processing products provide computing and control functions within electronic systems.
The company offers a broad portfolio of semiconductors, including power-management devices, amplifiers, data converters, microcontrollers, processors, and connectivity products.
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