Parr Mcknight Wealth Management Group LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the first quarter, Holdings Channel reports. The fund acquired 9,821 shares of the semiconductor company’s stock, valued at approximately $1,907,000.
Other hedge funds also recently bought and sold shares of the company. J. Safra Sarasin Holding AG increased its holdings in shares of Texas Instruments by 4.0% in the 1st quarter. J. Safra Sarasin Holding AG now owns 385,100 shares of the semiconductor company’s stock valued at $74,763,000 after acquiring an additional 14,794 shares during the period. Brindle & Bay Financial Advisors LLC purchased a new stake in shares of Texas Instruments during the 1st quarter worth $1,164,000. Procyon Advisors LLC lifted its stake in shares of Texas Instruments by 5.4% during the 1st quarter. Procyon Advisors LLC now owns 8,263 shares of the semiconductor company’s stock worth $1,604,000 after purchasing an additional 425 shares during the last quarter. LGT Fund Management Co Ltd. bought a new stake in Texas Instruments during the first quarter valued at about $4,502,000. Finally, International Assets Investment Management LLC boosted its position in Texas Instruments by 9.7% during the first quarter. International Assets Investment Management LLC now owns 2,720 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 241 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 4.1%
Texas Instruments stock opened at $298.57 on Tuesday. The stock has a 50-day moving average price of $301.82 and a 200 day moving average price of $240.59. The company has a market capitalization of $271.73 billion, a price-to-earnings ratio of 51.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio is presently 97.26%.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of recent research reports. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Friday, April 24th. Wells Fargo & Company raised their price target on shares of Texas Instruments from $260.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Citigroup lifted their price objective on shares of Texas Instruments from $280.00 to $345.00 and gave the stock a “buy” rating in a research report on Monday, June 15th. TD Cowen boosted their price objective on shares of Texas Instruments from $300.00 to $360.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Benchmark increased their target price on shares of Texas Instruments from $250.00 to $315.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $279.24.
Insider Activity
In related news, CFO Rafael R. Lizardi sold 47,734 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the completion of the transaction, the chief financial officer owned 85,485 shares of the company’s stock, valued at $26,337,928.50. This trade represents a 35.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Haviv Ilan sold 20,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the completion of the sale, the chief executive officer directly owned 204,339 shares in the company, valued at approximately $57,280,308.48. The trade was a 8.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 303,475 shares of company stock valued at $85,666,638 over the last quarter. Insiders own 0.60% of the company’s stock.
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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