Drystone LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 11.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,460 shares of the semiconductor company’s stock after selling 3,508 shares during the period. Texas Instruments makes up approximately 7.0% of Drystone LLC’s investment portfolio, making the stock its 6th largest holding. Drystone LLC’s holdings in Texas Instruments were worth $8,483,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of TXN. Brighton Jones LLC lifted its stake in Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after acquiring an additional 4,218 shares during the period. Intech Investment Management LLC raised its holdings in shares of Texas Instruments by 12.8% during the first quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock worth $1,632,000 after purchasing an additional 1,031 shares during the last quarter. Osterweis Capital Management Inc. raised its holdings in shares of Texas Instruments by 1,810.0% during the second quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 181 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in Texas Instruments by 1.7% during the second quarter. Main Street Financial Solutions LLC now owns 7,417 shares of the semiconductor company’s stock valued at $1,540,000 after purchasing an additional 126 shares during the period. Finally, HUB Investment Partners LLC lifted its position in Texas Instruments by 3.5% during the second quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company’s stock valued at $3,046,000 after purchasing an additional 496 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.8%
TXN stock opened at $258.44 on Friday. The firm has a market cap of $236.02 billion, a PE ratio of 39.34, a P/E/G ratio of 1.45 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The firm’s fifty day moving average is $280.18 and its 200 day moving average is $261.22. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is currently 86.45%.
Wall Street Analysts Forecast Growth
Several research firms have commented on TXN. Mizuho upped their price target on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Sanford C. Bernstein boosted their price objective on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. UBS Group restated a “buy” rating and issued a $380.00 target price on shares of Texas Instruments in a research note on Thursday, July 23rd. Truist Financial raised their target price on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Finally, Benchmark lifted their price target on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.12.
Read Our Latest Research Report on Texas Instruments
Insiders Place Their Bets
In related news, VP Tsedeniya Abraham sold 7,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the transaction, the vice president owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This represents a 23.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.
Texas Instruments 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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