Acorn Financial Advisory Services Inc. ADV purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,559 shares of the semiconductor company’s stock, valued at approximately $324,000.
Other large investors have also added to or reduced their stakes in the company. Kestra Private Wealth Services LLC grew its holdings in Texas Instruments by 10.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock worth $11,462,000 after acquiring an additional 6,267 shares in the last quarter. Independent Advisor Alliance lifted its position in Texas Instruments by 4.8% in the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after purchasing an additional 1,232 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC bought a new stake in Texas Instruments in the 2nd quarter valued at about $326,000. Farther Finance Advisors LLC lifted its position in Texas Instruments by 34.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 16,363 shares of the semiconductor company’s stock valued at $3,397,000 after purchasing an additional 4,191 shares during the last quarter. Finally, Generate Investment Management Ltd raised its position in shares of Texas Instruments by 40.0% during the 2nd quarter. Generate Investment Management Ltd now owns 87,796 shares of the semiconductor company’s stock worth $18,228,000 after buying an additional 25,105 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Price Performance
Shares of Texas Instruments stock opened at $175.11 on Tuesday. The firm has a market cap of $159.20 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 2.80 and a beta of 1.01. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm’s 50-day simple moving average is $188.11 and its 200-day simple moving average is $185.75.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, October 31st. This is a positive change 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 3.2%. Texas Instruments’s dividend payout ratio (DPR) is currently 99.63%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on TXN shares. Mizuho decreased their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. TD Cowen decreased their target price on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note 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. Rosenblatt Securities reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Finally, Arete Research upgraded shares of Texas Instruments to a “hold” rating in a report on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $213.03.
Read Our Latest Stock Report on TXN
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s 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 represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.57% of the company’s stock.
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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