First Personal Financial Services decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 8,827 shares of the semiconductor company’s stock after selling 889 shares during the quarter. First Personal Financial Services’ holdings in Texas Instruments were worth $973,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Global X Management Co. LLC raised its stake in shares of Texas Instruments by 8.8% during the first quarter. Global X Management Co. LLC now owns 11,749 shares of the semiconductor company’s stock valued at $1,221,000 after purchasing an additional 947 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Texas Instruments during the first quarter valued at about $111,130,000. HL Financial Services LLC raised its stake in shares of Texas Instruments by 3.3% during the first quarter. HL Financial Services LLC now owns 83,713 shares of the semiconductor company’s stock valued at $8,697,000 after purchasing an additional 2,673 shares in the last quarter. FDx Advisors Inc. raised its stake in shares of Texas Instruments by 10.4% during the first quarter. FDx Advisors Inc. now owns 20,781 shares of the semiconductor company’s stock valued at $2,159,000 after purchasing an additional 1,951 shares in the last quarter. Finally, Shaker Investments LLC OH bought a new stake in shares of Texas Instruments during the first quarter valued at about $291,000. 84.73% of the stock is owned by institutional investors.
Shares of Texas Instruments stock opened at $109.94 on Tuesday. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 52 week low of $79.60 and a 52 week high of $120.75. The stock has a market capitalization of $107.03 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.11 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 13th. Shareholders of record on Tuesday, July 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Monday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.
A number of equities research analysts recently weighed in on TXN shares. BidaskClub cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, April 24th. B. Riley lifted their price objective on shares of Texas Instruments from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, April 25th. Royal Bank of Canada restated a “buy” rating and set a $125.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 25th. Morgan Stanley lifted their price objective on shares of Texas Instruments from $101.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 25th. Finally, DZ Bank upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and an average target price of $121.64.
In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the sale, the insider now owns 131,153 shares in the company, valued at approximately $14,630,117.15. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.84% of the stock is currently owned by 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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