Penserra Capital Management LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 12.3% in the 2nd quarter, Holdings Channel reports. The firm owned 107,928 shares of the semiconductor company’s stock after buying an additional 11,862 shares during the period. Penserra Capital Management LLC’s holdings in Texas Instruments were worth $22,407,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Brighton Jones LLC lifted its holdings in shares of Texas Instruments by 33.4% during the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Alps Advisors Inc. increased its position in Texas Instruments by 0.9% during the first quarter. Alps Advisors Inc. now owns 96,738 shares of the semiconductor company’s stock valued at $17,384,000 after acquiring an additional 818 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Texas Instruments in the first quarter valued at about $71,000. Cerity Partners LLC boosted its position in Texas Instruments by 1.1% in the first quarter. Cerity Partners LLC now owns 387,897 shares of the semiconductor company’s stock worth $69,705,000 after purchasing an additional 4,084 shares during the last quarter. Finally, CFC Planning Co LLC boosted its position in Texas Instruments by 15.5% in the first quarter. CFC Planning Co LLC now owns 14,303 shares of the semiconductor company’s stock worth $2,570,000 after purchasing an additional 1,921 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $160.55 on Friday. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The business has a 50-day moving average price of $177.59 and a 200-day moving average price of $187.01. The firm has a market cap of $145.88 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The business 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 $1.42 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a yield of 3.5%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is presently 103.84%.
Analyst Upgrades and Downgrades
TXN has been the topic of several recent research reports. Cowen reiterated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. Benchmark reiterated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. DZ Bank reissued a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. BNP Paribas raised Texas Instruments to a “strong sell” rating in a report on Wednesday, July 23rd. Finally, Susquehanna cut their price target on Texas Instruments from $240.00 to $200.00 and set a “positive” 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 assigned a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Hold” and a consensus price target of $191.67.
Check Out Our Latest Stock Analysis on TXN
Insider Buying and Selling
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.57% of the stock is currently owned by 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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