Texas Instruments Incorporated (TXN) Holdings Increased by Manchester Capital Management LLC
Manchester Capital Management LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,931 shares of the semiconductor company’s stock after acquiring an additional 894 shares during the period. Manchester Capital Management LLC’s holdings in Texas Instruments were worth $764,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Kiley Juergens Wealth Management LLC bought a new position in shares of Texas Instruments during the 2nd quarter valued at about $100,000. Penserra Capital Management LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at about $106,000. Stelac Advisory Services LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at about $110,000. Massey Quick Simon & CO. LLC increased its position in shares of Texas Instruments by 89.7% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,066 shares of the semiconductor company’s stock valued at $111,000 after purchasing an additional 504 shares during the last quarter. Finally, Perigon Wealth Management LLC increased its position in shares of Texas Instruments by 1,680.3% during the 1st quarter. Perigon Wealth Management LLC now owns 1,353 shares of the semiconductor company’s stock valued at $141,000 after purchasing an additional 1,277 shares during the last quarter. 84.73% of the stock is currently owned by hedge funds and other institutional investors.
TXN traded down $0.62 on Friday, hitting $108.78. 53,992 shares of the company were exchanged, compared to its average volume of 5,342,939. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. Texas Instruments Incorporated has a 12 month low of $79.60 and a 12 month high of $120.75. The firm has a market cap of $107.03 billion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.11 and a beta of 1.20.
The business also recently declared a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Tuesday, July 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $2.48 annualized dividend and a yield of 2.28%. Texas Instruments’s payout ratio is 57.94%.
In related news, insider Stephen A. Anderson sold 25,318 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly 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 hyperlink. 0.84% of the stock is owned by company insiders.
Several equities analysts have recently commented on the company. Zacks Investment Research lowered Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 30th. B. Riley increased their price objective on Texas Instruments from $115.00 to $123.00 and gave the company a “neutral” rating in a research report on Wednesday, July 25th. BidaskClub lowered Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Atlantic Securities assumed coverage on Texas Instruments in a research report on Tuesday, July 10th. They set an “overweight” rating and a $130.00 price objective on the stock. Finally, Loop Capital assumed coverage on Texas Instruments in a research report on Thursday, June 21st. They set a “buy” rating and a $135.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $121.64.
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, 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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