Universal Beteiligungs und Servicegesellschaft mbH lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 17.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786,316 shares of the semiconductor company’s stock after selling 161,949 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Texas Instruments worth $163,255,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Private Wealth Services LLC boosted its stake in shares of Texas Instruments by 10.9% during the first quarter. Kestra Private Wealth Services LLC now owns 63,786 shares of the semiconductor company’s stock valued at $11,462,000 after purchasing an additional 6,267 shares in the last quarter. Jennison Associates LLC lifted its holdings in Texas Instruments by 35.1% during the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock worth $621,218,000 after buying an additional 777,619 shares during the period. Howard Capital Management Inc. lifted its holdings in Texas Instruments by 11.3% during the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock worth $5,553,000 after buying an additional 2,709 shares during the period. Independent Advisor Alliance boosted its position in Texas Instruments by 4.8% during the 1st quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after acquiring an additional 1,232 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of Texas Instruments by 1,064.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 52,146 shares of the semiconductor company’s stock valued at $10,827,000 after acquiring an additional 47,669 shares during the period. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $159.33 on Friday. The company has a 50 day moving average price of $174.23 and a 200 day moving average price of $187.32. The firm has a market capitalization of $144.77 billion, a P/E ratio of 29.13, a PEG ratio of 3.05 and a beta of 1.02. 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 52 week low of $139.95 and a 52 week high of $221.69.
Texas Instruments Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Friday, October 31st were paid a $1.42 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a yield of 3.6%. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the sale, the vice president owned 20,821 shares in the company, valued at approximately $3,421,098.51. The trade was a 4.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction dated 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 approximately $7,984,624.05. The trade was a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on TXN. Truist Financial decreased their price objective on Texas Instruments from $196.00 to $175.00 and set a “hold” rating for the company in a research note on Wednesday, October 22nd. Cantor Fitzgerald reduced their target price on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a report on Wednesday, October 22nd. Susquehanna decreased their price target on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 22nd. Finally, Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus target price of $191.67.
Check Out Our Latest Research Report on TXN
Texas Instruments 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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