Amica Retiree Medical Trust raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 10.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,543 shares of the semiconductor company’s stock after purchasing an additional 424 shares during the quarter. Texas Instruments makes up about 1.4% of Amica Retiree Medical Trust’s investment portfolio, making the stock its 17th largest position. Amica Retiree Medical Trust’s holdings in Texas Instruments were worth $943,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Brighton Jones LLC raised its stake in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after acquiring an additional 4,218 shares during the last quarter. Cerity Partners LLC grew its stake in shares of Texas Instruments by 1.1% during the first quarter. Cerity Partners LLC now owns 387,897 shares of the semiconductor company’s stock valued at $69,705,000 after purchasing an additional 4,084 shares during the last quarter. Fidelis Capital Partners LLC increased its holdings in shares of Texas Instruments by 2.2% in the first quarter. Fidelis Capital Partners LLC now owns 4,559 shares of the semiconductor company’s stock valued at $819,000 after purchasing an additional 100 shares in the last quarter. Country Club Bank raised its position in Texas Instruments by 0.8% in the 1st quarter. Country Club Bank now owns 8,348 shares of the semiconductor company’s stock worth $1,472,000 after purchasing an additional 65 shares during the last quarter. Finally, PYA Waltman Capital LLC raised its position in Texas Instruments by 3.8% in the 1st quarter. PYA Waltman Capital LLC now owns 16,776 shares of the semiconductor company’s stock worth $3,015,000 after purchasing an additional 614 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 0.5%
TXN opened at $160.55 on Friday. The firm’s fifty day moving average is $177.59 and its two-hundred day moving average is $187.29. The firm has a market cap of $145.88 billion, a PE ratio of 29.35, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02. 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 0.81, a quick ratio of 2.90 and a current ratio of 4.45.
Texas Instruments Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This is a boost 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 3.5%. Texas Instruments’s dividend payout ratio (DPR) is presently 103.84%.
Insider Activity
In related news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction that occurred 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TXN. TD Cowen decreased their price objective on Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Wells Fargo & Company cut their price target on Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. Citigroup lowered their price objective on Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 price objective for the company in a report on Monday, July 28th. Finally, Rosenblatt Securities cut their target price on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Hold” and an average target price of $191.67.
View Our Latest Stock Analysis on Texas Instruments
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.
Featured Stories
- Five stocks we like better than Texas Instruments
- Mastering Discipline: Overcoming Emotional Challenges In Trading
- Rivian’s Chart Says Go, But Some Analysts Still Say No
- How to Buy Cheap Stocks Step by Step
- e.l.f. Sell-Off Is a Good Time to Buy, According to Analysts
- What Are Dividend Achievers? An Introduction
- T-Mobile Is The Most Oversold Mega-Cap Stock—Time to Buy?
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.
