Apollon Wealth Management LLC trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,786 shares of the semiconductor company’s stock after selling 4,477 shares during the quarter. Apollon Wealth Management LLC’s holdings in Texas Instruments were worth $6,599,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of TXN. Cloud Capital Management LLC bought a new stake in Texas Instruments during the 1st quarter valued at approximately $28,000. Dagco Inc. bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $32,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Texas Instruments by 67.6% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 75 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of Texas Instruments in the 1st quarter worth approximately $42,000. Finally, Peoples Financial Services CORP. bought a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $42,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Price Performance
Shares of TXN opened at $171.70 on Friday. The firm has a market cap of $156.10 billion, a PE ratio of 31.45, a P/E/G ratio of 2.80 and a beta of 1.01. 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 firm has a fifty day simple moving average of $188.26 and a two-hundred day simple moving average of $185.72. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69.
Texas Instruments Increases Dividend
The business 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 $1.42 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. Texas Instruments’s dividend payout ratio (DPR) is currently 99.63%.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on TXN. Rosenblatt Securities reissued a “buy” rating and issued a $245.00 price target on shares of Texas Instruments in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Arete Research raised Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Wells Fargo & Company decreased their price objective on shares of Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a report on Wednesday, July 23rd. Finally, BNP Paribas upgraded shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and an average price target of $213.82.
View Our Latest Stock Analysis on Texas Instruments
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.57% of the stock is owned by company insiders.
Texas Instruments Company 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.
Featured Articles
- Five stocks we like better than Texas Instruments
- How to Invest in the Best Canadian StocksĀ
- Bassett Furniture: Buy Now, Sit Back, and Collect Dividends
- 3 Small Caps With Big Return Potential
- AST SpaceMobile’s Big Win: Shares Soar on New Deal With Verizon
- Consumer Discretionary Stocks Explained
- Catch the Next Bitcoin Rally With These 3 ETFs
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
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.com's FREE daily email newsletter.