2 weeks Ago By Defense World Staff
NewEdge Advisors LLC grew its stake in Texas Instruments Incorporated ( NASDAQ:TXN – Free Report ) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,679 shares of the semiconductor company’s stock after purchasing an additional 425 shares during the quarter.
NewEdge Advisors LLC’s holdings in Texas Instruments were worth $11,804,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also modified their holdings of the stock. Richardson Financial Services Inc.
purchased a new stake in Texas Instruments during the 4th quarter worth approximately $26,000. Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth approximately $26,000. Westend Capital Management LLC acquired a new position in Texas Instruments in the 1st quarter valued at $31,000.
Norwood Financial Corp purchased a new position in Texas Instruments in the 1st quarter valued at $32,000. Finally, Fortis Group Advisors LLC boosted its stake in Texas Instruments by 100.0% during the 4th quarter.
Fortis Group Advisors LLC now owns 196 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 98 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance Shares of TXN opened at $209.14 on Monday. The firm has a 50-day simple moving average of $201.
07 and a two-hundred day simple moving average of $191.25. The stock has a market cap of $190.
96 billion, a PE ratio of 32.63, a P/E/G ratio of 4.46 and a beta of 0.
99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $214.
66. The company has a debt-to-equity ratio of 0.75, a current ratio of 4.
62 and a quick ratio of 3.49. Texas Instruments Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 12th.
Investors of record on Thursday, October 31st will be paid a dividend of $1.36 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.
30. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.
44 annualized dividend and a yield of 2.60%. Texas Instruments’s dividend payout ratio is presently 81.
12%. Analysts Set New Price Targets A number of equities research analysts have recently commented on the stock. Truist Financial reduced their target price on shares of Texas Instruments from $203.
00 to $198.00 and set a “hold” rating for the company in a research report on Wednesday, August 21st. Barclays upped their price objective on shares of Texas Instruments from $190.
00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co.
raised their target price on shares of Texas Instruments from $195.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th.
Jefferies Financial Group boosted their target price on Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th.
Finally, Evercore ISI increased their price target on Texas Instruments from $255.00 to $268.00 and gave the company an “outperform” rating in a report on Tuesday, August 20th.
Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $204.
67. View Our Latest Stock Report on TXN Insider Activity at Texas Instruments In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $208.
90, for a total transaction of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.
60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . In related news, CAO Julie C.
Knecht sold 7,764 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $209.49, for a total value of $1,626,480.
36. Following the completion of the transaction, the chief accounting officer now directly owns 11,806 shares in the company, valued at $2,473,238.94.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . Also, VP Mohammad Yunus sold 3,778 shares of the business’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.
90, for a total value of $789,224.20. Following the transaction, the vice president now directly owns 28,894 shares of the company’s stock, valued at $6,035,956.
60. The disclosure for this sale can be found here . Insiders sold 15,558 shares of company stock worth $3,255,323 in the last three months.
0.68% of the stock is owned by company insiders. About Texas Instruments ( Free Report ) Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally.
The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products. Read More Five stocks we like better than Texas Instruments 2 Fintech Stocks to Buy Now and 1 to Avoid Simon Property REIT: A Safe Bet for Growth and Steady Dividends What Makes a Stock a Good Dividend Stock? CarMax’s Impressive Rally: What Investors Should Watch Next What is MarketRankTM? How to Use it MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.
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