Defined Financial Planning LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 1,955 shares of the semiconductor company’s stock, valued at approximately $427,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of Texas Instruments during the first quarter valued at approximately $711,387,000. Price T Rowe Associates Inc. MD raised its position in Texas Instruments by 20.6% in 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 purchasing an additional 2,257,086 shares during the last quarter. Jennison Associates LLC lifted its holdings in Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after buying an additional 2,140,605 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in 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. increased its stake 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 period. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $181.81 on Tuesday. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $165.29 billion, a P/E ratio of 33.30, a PEG ratio of 2.95 and a beta of 1.01. The business has a 50-day moving average of $188.93 and a 200-day moving average of $185.94. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.
Texas Instruments Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st will be given a dividend of $1.42 per share. This is a positive change 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 3.1%. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is 104.03%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on TXN shares. Seaport Res Ptn raised Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Truist Financial boosted their price objective on Texas Instruments from $171.00 to $196.00 and gave the stock a “hold” rating in a report on Wednesday, July 23rd. Mizuho cut their target price on shares of Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 23rd. TD Cowen lowered their price target on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research report on Wednesday, July 23rd. Finally, KeyCorp boosted their price target on shares of Texas Instruments from $215.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $213.82.
Check Out Our Latest Stock Report on TXN
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction on Monday, August 25th. The shares were 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. The trade was a 3.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.57% of the stock is owned by company 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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