Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 10.5% in the 2nd quarter, Holdings Channel reports. The firm owned 229,931 shares of the semiconductor company’s stock after buying an additional 21,800 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Texas Instruments were worth $47,738,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. Cloud Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter worth $28,000. Dagco Inc. acquired a new position in shares of Texas Instruments during the first quarter worth $32,000. CBIZ Investment Advisory Services LLC increased its holdings in shares of Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. LGT Financial Advisors LLC increased its holdings in shares of Texas Instruments by 328.9% during the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after buying an additional 148 shares in the last quarter. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of Texas Instruments during the second quarter worth $40,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $169.41 on Tuesday. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. The business has a 50-day moving average price of $185.03 and a two-hundred day moving average price of $186.50. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company has a market cap of $154.02 billion, a P/E ratio of 30.97, a PEG ratio of 3.22 and a beta of 1.01.
Texas Instruments Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president directly owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on TXN. Susquehanna lowered their price target on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, October 22nd. UBS Group set a $245.00 price target on shares of Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on Texas Instruments in a report on Wednesday, October 22nd. DZ Bank restated a “sell” rating and issued a $158.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. Finally, TD Cowen decreased their price objective on Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $191.67.
Read Our Latest Analysis 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.
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