Geneos Wealth Management Inc. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,958 shares of the semiconductor company’s stock after purchasing an additional 576 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Texas Instruments were worth $891,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its position in 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 period. Integrity Alliance LLC. boosted its position in Texas Instruments by 108.3% during the first quarter. Integrity Alliance LLC. now owns 14,516 shares of the semiconductor company’s stock worth $2,609,000 after purchasing an additional 7,548 shares during the period. Ransom Advisory Ltd bought a new position in Texas Instruments during the first quarter worth $216,000. Anchor Investment Management LLC boosted its position in Texas Instruments by 43.1% during the first quarter. Anchor Investment Management LLC now owns 17,050 shares of the semiconductor company’s stock worth $3,064,000 after purchasing an additional 5,138 shares during the period. Finally, Aspen Investment Management Inc boosted 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 worth $664,000 after purchasing an additional 58 shares during the period. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Down 0.9%
TXN opened at $182.60 on Friday. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The company has a 50-day simple moving average of $197.93 and a 200 day simple moving average of $186.32. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $166.01 billion, a price-to-earnings ratio of 33.44, a P/E/G ratio of 3.01 and a beta of 1.02.
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 of this dividend 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%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. The Goldman Sachs Group assumed coverage on shares of Texas Instruments in a research report on Thursday, July 10th. They set a “buy” rating and a $255.00 price objective for the company. Susquehanna reduced their price objective on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research report on Tuesday, July 22nd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Cantor Fitzgerald reissued a “neutral” rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Finally, Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the company a “hold” rating in a research report on Friday, July 18th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $213.82.
View Our Latest Report 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 dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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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