St. Louis Trust Co bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,104 shares of the semiconductor company’s stock, valued at approximately $229,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock valued at $16,895,567,000 after purchasing an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 2.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after purchasing an additional 428,356 shares during the last quarter. Invesco Ltd. grew its holdings in Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after purchasing an additional 1,731,411 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Texas Instruments by 20.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock valued at $2,371,657,000 after purchasing an additional 2,257,086 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Texas Instruments by 0.9% during the 1st quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock valued at $1,885,770,000 after purchasing an additional 95,980 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Price Performance
Shares of TXN stock opened at $171.70 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The company has a market capitalization of $156.10 billion, a P/E ratio of 31.45, a P/E/G ratio of 2.80 and a beta of 1.01. The company’s 50-day simple moving average is $188.26 and its two-hundred day simple moving average is $185.76. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Texas Instruments Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be paid a dividend of $1.42 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Friday, October 31st. Texas Instruments’s payout ratio is 104.03%.
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 23rd. KeyCorp upped their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, July 8th. DZ Bank reiterated a “sell” rating and set a $158.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. UBS Group set a $255.00 target price on shares of Texas Instruments in a research note on Tuesday, July 22nd. Finally, Rosenblatt Securities restated a “buy” rating and issued a $245.00 target price on shares of Texas Instruments in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $213.82.
Check Out Our Latest Stock Analysis on Texas Instruments
About Texas Instruments
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.
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