Angeles Wealth Management LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.8% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,714 shares of the semiconductor company’s stock after selling 165 shares during the quarter. Angeles Wealth Management LLC’s holdings in Texas Instruments were worth $356,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Texas Instruments by 0.5% in the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after acquiring an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after acquiring an additional 428,356 shares in the last quarter. Invesco Ltd. increased its position in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Texas Instruments by 20.6% in the first 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 period. Finally, Northern Trust Corp boosted its stake in shares of Texas Instruments by 0.9% in the first 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 period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.6%
NASDAQ TXN opened at $176.58 on Friday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. 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 $160.54 billion, a price-to-earnings ratio of 32.34, a price-to-earnings-growth ratio of 2.97 and a beta of 1.01. The company’s fifty day moving average price is $187.25 and its two-hundred day moving average price is $185.56.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is 99.63%.
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $205.35, for a total value 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 position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
TXN has been the subject of several analyst reports. Susquehanna decreased their target price on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Tuesday, July 22nd. The Goldman Sachs Group initiated coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They issued a “buy” rating and a $255.00 target price for the company. Stifel Nicolaus decreased their target price on shares of Texas Instruments from $192.00 to $185.00 and set a “hold” rating for the company in a research note on Friday. Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price for the company in a research note on Monday, July 28th. Finally, Benchmark restated a “buy” rating and issued a $220.00 target price on shares of Texas Instruments in a research note on Monday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $211.64.
Get Our Latest 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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