Cypress Asset Management Inc. TX lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 4.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,950 shares of the semiconductor company’s stock after selling 500 shares during the quarter. Cypress Asset Management Inc. TX’s holdings in Texas Instruments were worth $1,529,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Enterprise Trust & Investment Co bought a new stake in Texas Instruments in the second quarter valued at approximately $25,000. Blume Capital Management Inc. purchased a new stake in Texas Instruments in the 1st quarter valued at $33,000. Steward Financial Group LLC raised its position in Texas Instruments by 205.6% in the 2nd quarter. Steward Financial Group LLC now owns 217 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 146 shares during the last quarter. Nvwm LLC raised its position in Texas Instruments by 132.1% in the 2nd quarter. Nvwm LLC now owns 246 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 140 shares during the last quarter. Finally, Horan Securities Inc. raised its position in Texas Instruments by 89.9% in the 2nd quarter. Horan Securities Inc. now owns 319 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 83.72% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ:TXN traded up $1.76 on Thursday, hitting $178.98. The company’s stock had a trading volume of 3,939,063 shares, compared to its average volume of 6,389,565. The company has a market capitalization of $162.44 billion, a PE ratio of 18.76, a PEG ratio of 2.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $199.90. The company has a 50-day simple moving average of $163.16 and a 200 day simple moving average of $165.37.
Texas Instruments announced that its board has authorized a stock buyback plan on Thursday, September 15th that permits the company to buyback $15.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Investors of record on Monday, October 31st 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%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. The ex-dividend date was Friday, October 28th. Texas Instruments’s dividend payout ratio (DPR) is currently 51.99%.
Insider Buying and Selling
In related news, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the transaction, the director now directly owns 8,942 shares in the company, valued at approximately $1,566,280.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $180.01, for a total value of $199,631.09. Following the sale, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet F. Clark sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total value of $1,749,848.40. Following the sale, the director now owns 8,942 shares in the company, valued at $1,566,280.72. The disclosure for this sale can be found here. 0.54% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. UBS Group lowered their price target on Texas Instruments from $175.00 to $165.00 and set a “neutral” rating for the company in a research report on Wednesday, July 27th. Morgan Stanley reduced their price objective on Texas Instruments from $160.00 to $152.00 and set an “underweight” rating for the company in a research note on Wednesday, October 26th. Credit Suisse Group downgraded Texas Instruments from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $185.00 to $205.00 in a research note on Wednesday, November 16th. Citigroup reduced their price objective on Texas Instruments from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Wednesday, October 26th. Finally, The Goldman Sachs Group reduced their price objective on Texas Instruments to $153.00 in a research note on Thursday, October 27th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $174.70.
Texas Instruments 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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
- Get a free copy of the StockNews.com research report on Texas Instruments (TXN)
- Is the 60/40 Portfolio Mix Still in Vogue?
- Three CBD Stocks to Dominate a Budding Industry
- Microsoft Shares: Is it Time to Back Up the Truck?
- Salesforce Cuts Labor, Shows Strong Earnings Despite Challenges
- Institutional Support for Analog Devices Remains High
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.