Yorktown Management & Research Co Inc purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,000 shares of the semiconductor company’s stock, valued at approximately $636,000.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Cordasco Financial Network purchased a new stake in Texas Instruments in the 1st quarter valued at about $27,000. CX Institutional boosted its position in Texas Instruments by 95.9% in the 1st quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Farmers National Bank purchased a new stake in Texas Instruments in the 1st quarter valued at about $35,000. Icon Wealth Partners LLC purchased a new stake in Texas Instruments in the 1st quarter valued at about $37,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in Texas Instruments by 919.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 331 shares during the period. 85.36% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:TXN traded up $0.98 during trading hours on Friday, hitting $111.17. The company’s stock had a trading volume of 5,397,571 shares, compared to its average volume of 4,628,642. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $119.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.70 and a current ratio of 3.68. The firm has a market cap of $104.30 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.13 and a beta of 1.24.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a dividend yield of 2.77%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
Several research firms have issued reports on TXN. JPMorgan Chase & Co. reissued a “buy” rating and issued a $130.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. Deutsche Bank boosted their price objective on shares of Texas Instruments from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. UBS Group reissued a “sell” rating and issued a $90.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 24th. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, BidaskClub cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, May 22nd. Two research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Texas Instruments has an average rating of “Hold” and an average target price of $111.18.
In related news, VP Niels Anderskouv sold 53,075 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $116.86, for a total transaction of $6,202,344.50. Following the completion of the transaction, the vice president now owns 138,317 shares in the company, valued at approximately $16,163,724.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Richard K. Templeton sold 475,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $117.38, for a total transaction of $55,755,500.00. Following the transaction, the chairman now owns 930,287 shares of the company’s stock, valued at approximately $109,197,088.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 879,332 shares of company stock valued at $103,024,864. 0.89% of the stock is currently owned by company insiders.
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About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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