Bahl & Gaynor Inc. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 27.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,606,143 shares of the semiconductor company’s stock after selling 600,981 shares during the quarter. Texas Instruments accounts for about 1.7% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 13th largest holding. Bahl & Gaynor Inc. owned about 0.18% of Texas Instruments worth $333,467,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Woodmont Investment Counsel LLC boosted its holdings in shares of Texas Instruments by 2.9% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 1,650 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 47 shares during the period. Confluence Wealth Services Inc. raised its stake in Texas Instruments by 0.4% during the second quarter. Confluence Wealth Services Inc. now owns 10,996 shares of the semiconductor company’s stock worth $2,283,000 after acquiring an additional 48 shares during the period. Acropolis Investment Management LLC lifted its holdings in Texas Instruments by 2.9% in the second quarter. Acropolis Investment Management LLC now owns 1,875 shares of the semiconductor company’s stock worth $389,000 after acquiring an additional 52 shares during the last quarter. Proathlete Wealth Management LLC boosted its stake in Texas Instruments by 1.4% in the second quarter. Proathlete Wealth Management LLC now owns 3,747 shares of the semiconductor company’s stock valued at $782,000 after acquiring an additional 53 shares during the period. Finally, Trivium Point Advisory LLC boosted its stake in Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company’s stock valued at $226,000 after acquiring an additional 54 shares during the period. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ TXN opened at $159.40 on Friday. The stock has a market cap of $144.83 billion, a P/E ratio of 29.14, a P/E/G ratio of 3.05 and a beta of 1.02. The firm’s 50-day simple moving average is $171.43 and its 200 day simple moving average is $186.97. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.6%. Texas Instruments’s dividend payout ratio is presently 103.84%.
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christine Witzsche sold 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total value of $164,310.00. Following the completion of the sale, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Stifel Nicolaus set a $170.00 price target on Texas Instruments in a report on Wednesday, October 22nd. Cantor Fitzgerald cut their target price on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. The Goldman Sachs Group reduced their price target on shares of Texas Instruments from $230.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company’s stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average target price of $191.67.
View Our Latest Research Report on TXN
About Texas Instruments
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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