SBI Securities Co. Ltd. lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 5.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,689 shares of the semiconductor company’s stock after selling 753 shares during the period. SBI Securities Co. Ltd.’s holdings in Texas Instruments were worth $2,634,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock valued at $16,895,567,000 after buying an additional 453,683 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Texas Instruments by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock worth $3,938,274,000 after buying an additional 428,356 shares in the last quarter. Invesco Ltd. boosted its position in shares of 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 during the period. Price T Rowe Associates Inc. MD grew its stake in shares of 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 increased its position in Texas Instruments by 0.9% during the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock worth $1,885,770,000 after acquiring an additional 95,980 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Trading Up 2.1%
TXN opened at $163.09 on Thursday. The company’s 50 day moving average is $175.30 and its 200-day moving average is $187.33. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. 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 company has a market cap of $148.19 billion, a P/E ratio of 29.82, a PEG ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were given a $1.42 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, October 31st. Texas Instruments’s dividend payout ratio is 103.84%.
Insider Buying and Selling
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction that occurred 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 owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on TXN shares. BNP Paribas raised shares of Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Mizuho set a $145.00 price target on Texas Instruments in a research note on Wednesday, October 22nd. Cantor Fitzgerald reduced their price target on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, Bank of America downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and cut their target price for the company from $208.00 to $190.00 in a research report on Monday, October 13th. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $191.67.
View Our Latest Stock Analysis on TXN
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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