Geneos Wealth Management Inc. raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,705 shares of the semiconductor company’s stock after acquiring an additional 300 shares during the period. Geneos Wealth Management Inc.’s holdings in Texas Instruments were worth $689,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of TXN. Geode Capital Management LLC raised its position in Texas Instruments by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 19,780,511 shares of the semiconductor company’s stock valued at $3,263,468,000 after purchasing an additional 222,634 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Texas Instruments by 7.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,530,058 shares of the semiconductor company’s stock valued at $2,876,515,000 after buying an additional 1,217,285 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Texas Instruments by 28.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,634,827 shares of the semiconductor company’s stock worth $2,748,406,000 after buying an additional 3,655,383 shares during the last quarter. Morgan Stanley lifted its position in Texas Instruments by 54.4% in the 4th quarter. Morgan Stanley now owns 14,735,331 shares of the semiconductor company’s stock worth $2,434,572,000 after buying an additional 5,191,426 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Texas Instruments by 8.3% in the fourth quarter. Franklin Resources Inc. now owns 13,165,247 shares of the semiconductor company’s stock worth $2,175,162,000 after buying an additional 1,007,511 shares in the last quarter. Institutional investors own 84.43% of the company’s stock.
Texas Instruments Trading Down 0.3 %
Shares of TXN opened at $178.82 on Wednesday. Texas Instruments Incorporated has a 1-year low of $145.97 and a 1-year high of $186.30. The company has a current ratio of 5.17, a quick ratio of 4.04 and a debt-to-equity ratio of 0.63. The firm’s 50-day moving average price is $171.81 and its 200-day moving average price is $173.85. The firm has a market capitalization of $162.31 billion, a price-to-earnings ratio of 20.09, a PEG ratio of 2.57 and a beta of 1.01.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 16th. Stockholders of record on Monday, May 8th were issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, May 5th. Texas Instruments’s dividend payout ratio (DPR) is presently 55.73%.
Analyst Ratings Changes
TXN has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Texas Instruments from $185.00 to $195.00 and gave the stock an “outperform” rating in a report on Monday, April 24th. Truist Financial cut their price target on shares of Texas Instruments from $180.00 to $178.00 in a research report on Wednesday, April 26th. UBS Group decreased their price objective on Texas Instruments from $185.00 to $175.00 in a report on Wednesday, April 26th. Citigroup dropped their target price on Texas Instruments from $175.00 to $173.00 in a report on Wednesday, April 26th. Finally, Bank of America decreased their price target on Texas Instruments from $205.00 to $195.00 in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $181.05.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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