Mcintyre Freedman & Flynn Investment Advisers Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 202.0% during the third quarter, HoldingsChannel.com reports. The fund owned 15,370 shares of the semiconductor company’s stock after acquiring an additional 10,280 shares during the period. Texas Instruments makes up approximately 1.7% of Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings, making the stock its 21st largest holding. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Texas Instruments were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in Texas Instruments in the 2nd quarter valued at $2,836,310,000. Soundwatch Capital LLC increased its holdings in shares of Texas Instruments by 174,339.6% in the second quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock worth $617,503,000 after purchasing an additional 2,972,491 shares during the period. Invesco Ltd. raised its position in shares of Texas Instruments by 16.8% in the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock worth $3,019,603,000 after buying an additional 2,366,695 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Texas Instruments by 21.8% in the third quarter. Van ECK Associates Corp now owns 9,134,203 shares of the semiconductor company’s stock worth $1,678,227,000 after buying an additional 1,635,870 shares in the last quarter. Finally, Marshall Wace LLP bought a new stake in Texas Instruments during the third quarter valued at $282,492,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Trading Up 0.4%
NASDAQ TXN opened at $190.78 on Friday. The stock’s 50-day simple moving average is $205.83 and its two-hundred day simple moving average is $186.36. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $231.32. The company has a quick ratio of 2.83, a current ratio of 4.35 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $173.70 billion, a price-to-earnings ratio of 35.07, a PEG ratio of 1.72 and a beta of 1.01.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were given a $1.42 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a yield of 3.0%. Texas Instruments’s payout ratio is presently 104.41%.
Wall Street Analysts Forecast Growth
Several research firms recently commented on TXN. Deutsche Bank Aktiengesellschaft boosted their target price on Texas Instruments from $185.00 to $205.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. Benchmark lifted their price target on Texas Instruments from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on Texas Instruments from $185.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $214.77.
View Our Latest Analysis on Texas Instruments
Insiders Place Their Bets
In other Texas Instruments news, CFO Rafael R. Lizardi sold 7,096 shares of the stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $230.78, for a total transaction of $1,637,614.88. Following the transaction, the chief financial officer directly owned 85,454 shares in the company, valued at $19,721,074.12. This trade represents a 7.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark A. Blinn sold 3,144 shares of Texas Instruments stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $221.58, for a total transaction of $696,647.52. Following the transaction, the director directly owned 11,670 shares in the company, valued at $2,585,838.60. This trade represents a 21.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,284 shares of company stock valued at $25,531,935 over the last 90 days. Company insiders own 0.60% of the company’s stock.
About Texas Instruments
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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