Private Trust Co. NA lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,431 shares of the semiconductor company’s stock after selling 496 shares during the period. Private Trust Co. NA’s holdings in Texas Instruments were worth $1,089,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Global Wealth Management Investment Advisory Inc. boosted its position in Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 331 shares during the period. Shine Investment Advisory Services Inc. boosted its position in Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 279 shares during the period. Pathstone Family Office LLC boosted its position in Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 194 shares during the period. TD Capital Management LLC bought a new stake in Texas Instruments during the second quarter worth approximately $45,000. Finally, HMS Capital Management LLC bought a new stake in Texas Instruments during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.38% of the company’s stock.
TXN stock traded up $1.44 during midday trading on Thursday, hitting $128.28. The stock had a trading volume of 1,372,603 shares, compared to its average volume of 4,040,603. The firm has a market capitalization of $119.20 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.44 and a beta of 1.26. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $131.80. The stock has a 50-day simple moving average of $125.45 and a 200 day simple moving average of $116.79. The company has a current ratio of 3.01, a quick ratio of 2.22 and a debt-to-equity ratio of 0.54.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be given a $0.90 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 annualized dividend and a yield of 2.81%. The ex-dividend date is Wednesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the completion of the transaction, the senior vice president now directly owns 106,264 shares in the company, valued at $13,575,226. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the transaction, the insider now owns 102,652 shares of the company’s stock, valued at $12,851,003.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,251,117 shares of company stock valued at $159,473,823. 0.89% of the stock is owned by company insiders.
TXN has been the subject of a number of recent analyst reports. CIBC upped their target price on Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Deutsche Bank reaffirmed a “neutral” rating and set a $120.00 target price on shares of Texas Instruments in a research report on Wednesday, July 24th. Barclays upped their target price on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Stifel Nicolaus decreased their target price on Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Finally, UBS Group upped their target price on Texas Instruments from $93.00 to $100.00 and gave the stock a “sell” rating in a research report on Thursday, August 22nd. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $119.75.
Texas Instruments Company Profile
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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