Bessemer Group Inc. raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 29.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,131 shares of the semiconductor company’s stock after buying an additional 157,795 shares during the period. Bessemer Group Inc. owned about 0.08% of Texas Instruments worth $144,322,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Texas Instruments by 0.5% during the first quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after purchasing an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after acquiring an additional 428,356 shares in the last quarter. Invesco Ltd. raised its holdings in Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Texas Instruments by 20.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock valued at $2,371,657,000 after acquiring an additional 2,257,086 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Texas Instruments by 0.9% in the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock valued at $1,885,770,000 after acquiring an additional 95,980 shares in the last quarter. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Trading Down 1.8%
Shares of TXN stock opened at $169.13 on Monday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. The company has a market cap of $153.67 billion, a PE ratio of 30.92, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01. The business’s 50 day moving average is $185.53 and its two-hundred day moving average is $186.50.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.4%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio (DPR) is 99.45%.
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.57% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on TXN. Robert W. Baird set a $195.00 price target on shares of Texas Instruments and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley set a $175.00 price target on shares of Texas Instruments in a report on Wednesday. DZ Bank reaffirmed a “sell” rating and issued a $158.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. BNP Paribas raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Finally, Mizuho set a $145.00 target price on shares of Texas Instruments in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $191.67.
Check Out Our Latest Research Report on Texas Instruments
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. 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.
Read More
- Five stocks we like better than Texas Instruments
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- PulteGroup Is Down But Not Out—Here’s What Wall Street Missed
- Election Stocks: How Elections Affect the Stock Market
- Cleveland-Cliffs Breaks to New Highs on Earnings, More Upside?
- 3 Healthcare Dividend Stocks to Buy
- Is Landstar the Next Big Winner in Transportation Stocks?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
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.
