Argent Capital Management LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 28.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 117,931 shares of the semiconductor company’s stock after purchasing an additional 26,013 shares during the period. Argent Capital Management LLC’s holdings in Texas Instruments were worth $20,460,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in shares of Texas Instruments by 33.4% in 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 lifted its stake in shares of Texas Instruments by 12.8% during the 1st 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. United Advisor Group LLC bought a new stake in Texas Instruments during the second quarter valued at about $312,000. TRUE Private Wealth Advisors purchased a new position in Texas Instruments in the second quarter valued at about $265,000. Finally, TD Waterhouse Canada Inc. grew its stake in Texas Instruments by 43.9% in the second quarter. TD Waterhouse Canada Inc. now owns 28,870 shares of the semiconductor company’s stock valued at $6,074,000 after purchasing an additional 8,801 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 1.3%
NASDAQ TXN opened at $188.29 on Friday. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $231.32. The company has a fifty day simple moving average of $206.31 and a two-hundred day simple moving average of $186.01. The company has a current ratio of 4.35, a quick ratio of 2.83 and a debt-to-equity ratio of 0.83. The stock has a market cap of $171.43 billion, a P/E ratio of 34.61, a P/E/G ratio of 1.72 and a beta of 1.01.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.0%. Texas Instruments’s dividend payout ratio is currently 104.41%.
Insider Transactions at Texas Instruments
In related news, CFO Rafael R. Lizardi sold 64,532 shares of Texas Instruments stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $220.74, for a total transaction of $14,244,793.68. Following the completion of the sale, the chief financial officer owned 92,550 shares of the company’s stock, valued at $20,429,487. The trade was a 41.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 3,144 shares of the company’s stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $221.58, for a total value of $696,647.52. Following the completion of the sale, the director owned 11,670 shares in the company, valued at approximately $2,585,838.60. This represents a 21.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 114,284 shares of company stock valued at $25,531,935. 0.60% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
Several analysts have commented on TXN shares. Jefferies Financial Group increased their price target on shares of Texas Instruments from $180.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Robert W. Baird set a $225.00 price objective on shares of Texas Instruments in a research report on Wednesday, January 28th. Susquehanna boosted their price objective on shares of Texas Instruments from $200.00 to $225.00 and gave the stock a “positive” rating in a research note on Thursday, January 22nd. Barclays set a $175.00 target price on shares of Texas Instruments in a research report on Wednesday, January 28th. Finally, Raymond James Financial set a $240.00 price target on shares of Texas Instruments in a report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $214.77.
Get Our Latest Research Report on TXN
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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