Human Investing LLC lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 4.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,988 shares of the semiconductor company’s stock after selling 126 shares during the quarter. Human Investing LLC’s holdings in Texas Instruments were worth $620,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of TXN. Nuveen LLC acquired a new position in Texas Instruments during the 1st quarter worth approximately $711,387,000. Price T Rowe Associates Inc. MD boosted its position in Texas Instruments by 20.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after acquiring an additional 2,257,086 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Texas Instruments by 2,898.0% in the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock valued at $397,940,000 after buying an additional 2,140,605 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Texas Instruments by 117.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock valued at $726,768,000 after buying an additional 1,888,354 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Texas Instruments by 14.6% in the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after buying an additional 1,731,411 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of TXN opened at $166.91 on Wednesday. The firm has a market capitalization of $151.66 billion, a PE ratio of 30.51, a PEG ratio of 3.22 and a beta of 1.01. The company’s 50-day moving average is $184.45 and its 200-day moving average is $186.57. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 99.45%.
Insider Buying and Selling at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction on 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 owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts have recently commented on TXN shares. Benchmark reissued a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Mizuho set a $145.00 price objective on Texas Instruments in a report on Wednesday, October 22nd. UBS Group set a $245.00 price objective on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, October 22nd. Cantor Fitzgerald cut their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Finally, Cowen reissued a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Two 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 assigned a Sell rating to the stock. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average target price of $191.67.
Check Out Our Latest Analysis on TXN
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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