Unified Trust Company N.A. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 26,692 shares of the semiconductor company’s stock after purchasing an additional 1,810 shares during the quarter. Texas Instruments accounts for approximately 1.5% of Unified Trust Company N.A.’s investment portfolio, making the stock its 19th biggest position. Unified Trust Company N.A.’s holdings in Texas Instruments were worth $5,133,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of TXN. Parisi Gray Wealth Management acquired a new position in Texas Instruments during the 2nd quarter worth approximately $29,000. Key Financial Inc increased its holdings in shares of Texas Instruments by 240.0% during the second quarter. Key Financial Inc now owns 238 shares of the semiconductor company’s stock worth $45,000 after buying an additional 168 shares in the last quarter. MV Capital Management Inc. lifted its stake in shares of Texas Instruments by 104.4% in the 2nd quarter. MV Capital Management Inc. now owns 233 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 119 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in shares of Texas Instruments during the 1st quarter valued at $55,000. Finally, Tacita Capital Inc bought a new stake in Texas Instruments during the 2nd quarter worth $57,000. Institutional investors own 82.51% of the company’s stock.
Texas Instruments stock traded up $4.96 during midday trading on Thursday, hitting $192.06. 104,544 shares of the stock were exchanged, compared to its average volume of 4,177,620. Texas Instruments Incorporated has a 52-week low of $141.33 and a 52-week high of $200.92. The stock has a market capitalization of $177.31 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.59 and a beta of 1.01. The business’s 50-day moving average price is $191.49 and its 200-day moving average price is $189.25. The company has a quick ratio of 4.23, a current ratio of 5.08 and a debt-to-equity ratio of 0.52.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 15th. Shareholders of record on Monday, November 1st will be paid a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 2.40%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.02. The ex-dividend date is Friday, October 29th. Texas Instruments’s payout ratio is presently 68.34%.
In related news, Director Jean M. Hobby sold 900 shares of the company’s stock in a transaction that occurred on Thursday, August 5th. The shares were sold at an average price of $192.04, for a total transaction of $172,836.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Julie C. Knecht sold 7,399 shares of the stock in a transaction on Thursday, August 5th. The stock was sold at an average price of $192.17, for a total transaction of $1,421,865.83. Following the completion of the transaction, the chief accounting officer now directly owns 16,472 shares in the company, valued at approximately $3,165,424.24. The disclosure for this sale can be found here. Insiders own 0.61% of the company’s stock.
A number of research firms have weighed in on TXN. Bank of America boosted their target price on shares of Texas Instruments from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 22nd. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating and set a $201.00 price objective for the company. in a report on Tuesday, June 29th. Susquehanna upped their price target on Texas Instruments from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Thursday, July 1st. Citigroup raised their price objective on Texas Instruments from $215.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, July 15th. Finally, KeyCorp lifted their price objective on Texas Instruments from $240.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 5th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $204.27.
Texas Instruments Company Profile
Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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