Profund Advisors LLC raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 133,439 shares of the semiconductor company’s stock after buying an additional 7,139 shares during the period. Texas Instruments accounts for approximately 0.7% of Profund Advisors LLC’s portfolio, making the stock its 21st largest position. Profund Advisors LLC’s holdings in Texas Instruments were worth $23,150,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Artisan Partners Limited Partnership grew its position in shares of Texas Instruments by 1.7% during the third quarter. Artisan Partners Limited Partnership now owns 758,349 shares of the semiconductor company’s stock valued at $139,331,000 after purchasing an additional 12,562 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd grew its position in shares of Texas Instruments by 1.3% during the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,307,580 shares of the semiconductor company’s stock valued at $240,242,000 after purchasing an additional 16,260 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of Texas Instruments by 10.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after purchasing an additional 50,808 shares in the last quarter. Greenland Capital Management LP grew its position in shares of Texas Instruments by 66.3% during the third quarter. Greenland Capital Management LP now owns 58,151 shares of the semiconductor company’s stock valued at $10,684,000 after purchasing an additional 23,177 shares in the last quarter. Finally, Providence Capital Advisors LLC purchased a new position in shares of Texas Instruments during the third quarter valued at about $6,347,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Down 0.7%
TXN opened at $300.60 on Tuesday. The firm has a market cap of $273.57 billion, a P/E ratio of 51.47, a P/E/G ratio of 1.51 and a beta of 1.31. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $310.29. The company has a current ratio of 4.46, a quick ratio of 2.94 and a debt-to-equity ratio of 0.77. The stock has a 50-day moving average of $229.92 and a 200 day moving average of $202.51.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th will be given a $1.42 dividend. The ex-dividend date is Tuesday, May 5th. This represents a $5.68 annualized dividend and a yield of 1.9%. Texas Instruments’s dividend payout ratio (DPR) is currently 97.26%.
Insider Buying and Selling
In related news, VP Mohammad Yunus sold 51,098 shares of Texas Instruments stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $270.44, for a total value of $13,818,943.12. Following the completion of the transaction, the vice president owned 52,856 shares in the company, valued at approximately $14,294,376.64. This trade represents a 49.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Haviv Ilan sold 20,000 shares of Texas Instruments stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $280.32, for a total value of $5,606,400.00. Following the completion of the transaction, the chief executive officer owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. This represents a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 303,475 shares of company stock valued at $85,666,638 in the last quarter. 0.60% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
TXN has been the subject of a number of research analyst reports. Cantor Fitzgerald raised their price objective on Texas Instruments from $280.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, May 13th. BNP Paribas Exane upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Susquehanna restated a “positive” rating and set a $300.00 price objective on shares of Texas Instruments in a research report on Thursday, April 23rd. Zacks Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. Finally, Mizuho set a $215.00 price objective on Texas Instruments and gave the company a “neutral” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $260.38.
Get Our Latest Report on Texas Instruments
Texas Instruments Company Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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