National Asset Management Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 18.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,937 shares of the semiconductor company’s stock after acquiring an additional 2,587 shares during the quarter. National Asset Management Inc.’s holdings in Texas Instruments were worth $1,946,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Farmers National Bank acquired a new position in shares of Texas Instruments during the 1st quarter valued at $35,000. Icon Wealth Partners LLC acquired a new position in shares of Texas Instruments during the 1st quarter valued at $37,000. Global Wealth Management Investment Advisory Inc. lifted its position in shares of Texas Instruments by 919.4% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 331 shares during the period. Shine Investment Advisory Services Inc. lifted its position in shares of Texas Instruments by 348.8% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 279 shares during the period. Finally, Horan Capital Advisors LLC. acquired a new position in shares of Texas Instruments during the 1st quarter valued at $46,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
TXN traded down $0.15 during trading on Tuesday, hitting $124.45. 1,057,681 shares of the company traded hands, compared to its average volume of 6,400,649. The firm has a market cap of $114.67 billion, a P/E ratio of 22.96, a price-to-earnings-growth ratio of 2.32 and a beta of 1.25. The stock’s fifty day moving average is $120.64 and its 200 day moving average is $112.45. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37.
The business also recently declared a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Wednesday, July 31st were given a dividend of $0.77 per share. The ex-dividend date was Tuesday, July 30th. This represents a $3.08 annualized dividend and a yield of 2.47%. Texas Instruments’s payout ratio is currently 56.83%.
A number of research analysts recently issued reports on the stock. CIBC boosted their target price on shares of Texas Instruments from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. UBS Group restated a “sell” rating and set a $90.00 price objective on shares of Texas Instruments in a report on Wednesday, April 24th. Nomura started coverage on shares of Texas Instruments in a report on Tuesday, May 7th. They set a “neutral” rating and a $106.00 price objective on the stock. Loop Capital upped their price objective on shares of Texas Instruments to $140.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $118.74.
In other Texas Instruments news, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $125.19, for a total transaction of $24,863,985.90. Following the completion of the transaction, the insider now owns 102,652 shares in the company, valued at $12,851,003.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rafael R. Lizardi sold 76,523 shares of the stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the transaction, the chief financial officer now owns 94,648 shares of the company’s stock, valued at approximately $12,116,836.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by company insiders.
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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