National Pension Service reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 6.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,899,437 shares of the semiconductor company’s stock after selling 123,879 shares during the period. National Pension Service owned 0.21% of Texas Instruments worth $394,361,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dagco Inc. purchased a new position in shares of Texas Instruments during the first quarter valued at approximately $32,000. CBIZ Investment Advisory Services LLC increased its position in Texas Instruments by 67.6% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 75 shares in the last quarter. LGT Financial Advisors LLC increased its position in Texas Instruments by 328.9% during the 2nd quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 148 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in Texas Instruments during the second quarter valued at $40,000. Finally, N.E.W. Advisory Services LLC bought a new stake in Texas Instruments in the first quarter worth $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 0.5%
Shares of TXN stock opened at $159.73 on Wednesday. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market capitalization of $145.13 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.05 and a beta of 1.02. The firm’s 50 day moving average is $175.95 and its 200 day moving average is $187.50.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be given a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.6%. Texas Instruments’s payout ratio is 103.84%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on TXN shares. UBS Group set a $245.00 price target on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, October 22nd. DZ Bank restated a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Truist Financial decreased their target price on shares of Texas Instruments from $196.00 to $175.00 and set a “hold” rating for the company in a report on Wednesday, October 22nd. Stifel Nicolaus set a $170.00 price target on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Instruments in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have given a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $191.67.
View Our Latest Report on Texas Instruments
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction dated Monday, August 25th. The shares were 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 owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.57% of the stock is currently owned by corporate insiders.
Texas Instruments Company Profile
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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