Voya Investment Management LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 796,082 shares of the semiconductor company’s stock after selling 1,875 shares during the period. Voya Investment Management LLC owned about 0.09% of Texas Instruments worth $143,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Trivium Point Advisory LLC lifted its position in Texas Instruments by 4.5% during the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after buying an additional 54 shares in the last quarter. Trillium Asset Management LLC lifted its position in Texas Instruments by 2.8% during the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company’s stock valued at $377,000 after buying an additional 57 shares in the last quarter. Aspen Investment Management Inc lifted its position in Texas Instruments by 1.6% during the first quarter. Aspen Investment Management Inc now owns 3,695 shares of the semiconductor company’s stock valued at $664,000 after buying an additional 58 shares in the last quarter. FSB Premier Wealth Management Inc. raised its stake in shares of Texas Instruments by 1.7% during the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company’s stock valued at $628,000 after purchasing an additional 60 shares during the period. Finally, Trust Asset Management LLC raised its stake in shares of Texas Instruments by 0.6% during the first quarter. Trust Asset Management LLC now owns 10,497 shares of the semiconductor company’s stock valued at $1,886,000 after purchasing an additional 61 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Down 0.9%
Shares of NASDAQ:TXN opened at $182.60 on Friday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company has a fifty day simple moving average of $197.93 and a 200 day simple moving average of $186.40. The firm has a market cap of $166.01 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 12th. Shareholders of record on Thursday, July 31st were paid a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 annualized dividend and a yield of 3.0%. Texas Instruments’s payout ratio is presently 99.63%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction 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 completion of the sale, the vice president owned 38,883 shares in the company, valued at $7,984,624.05. The trade was 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 available at this link. 0.57% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
TXN has been the topic of a number of analyst reports. DZ Bank reiterated a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. TD Cowen dropped their price objective on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating on the stock in a research note on Wednesday, July 23rd. Arete Research upgraded shares of Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. Bank of America dropped their price objective on shares of Texas Instruments from $218.00 to $208.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Finally, Seaport Res Ptn upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $213.82.
Read Our Latest Research Report on TXN
Texas Instruments Profile
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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