Summit Investment Advisors Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,004 shares of the semiconductor company’s stock after acquiring an additional 563 shares during the period. Summit Investment Advisors Inc.’s holdings in Texas Instruments were worth $7,009,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised 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 buying an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Texas Instruments by 2.0% in the 1st 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 during the last quarter. Invesco Ltd. raised its holdings in shares of Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Texas Instruments by 20.6% during the 1st 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 acquiring an additional 2,257,086 shares during the last quarter. Finally, Northern Trust Corp increased its position 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 worth $1,885,770,000 after purchasing an additional 95,980 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Trading Down 0.5%
NASDAQ:TXN opened at $160.55 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The firm has a market capitalization of $145.88 billion, a P/E ratio of 29.35, a PEG ratio of 3.05 and a beta of 1.02. The company’s 50-day simple moving average is $177.59 and its 200 day simple moving average is $187.01. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Texas Instruments Increases Dividend
The business also recently declared 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 boost 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 3.5%. The ex-dividend date is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 103.84%.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on TXN. Susquehanna reduced their target price on Texas Instruments from $240.00 to $200.00 and set a “positive” rating on the stock in a research note on Wednesday, October 22nd. BNP Paribas raised Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Stifel Nicolaus set a $170.00 target price on Texas Instruments in a research note on Wednesday, October 22nd. Citigroup reduced their price target on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Finally, Cowen restated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $191.67.
View Our Latest Stock Analysis on Texas Instruments
Insider Buying and Selling
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 directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
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.
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