Pring Turner Capital Group Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 16.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 37,170 shares of the semiconductor company’s stock after acquiring an additional 5,234 shares during the quarter. Texas Instruments accounts for 5.0% of Pring Turner Capital Group Inc.’s portfolio, making the stock its 2nd biggest holding. Pring Turner Capital Group Inc.’s holdings in Texas Instruments were worth $7,717,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after purchasing an additional 1,426,360 shares during the period. Geode Capital Management LLC grew its position in Texas Instruments by 1.3% during the second quarter. Geode Capital Management LLC now owns 22,224,770 shares of the semiconductor company’s stock valued at $4,595,478,000 after buying an additional 279,755 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after buying an additional 428,356 shares during the last quarter. Invesco Ltd. raised its position in Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after acquiring an additional 1,731,411 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Texas Instruments by 20.6% during 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 acquiring an additional 2,257,086 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
NASDAQ TXN opened at $159.40 on Friday. The company has a market cap of $144.83 billion, a PE ratio of 29.14, a P/E/G ratio of 3.05 and a beta of 1.02. The firm’s 50 day moving average price is $171.43 and its 200-day moving average price is $187.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.6%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, October 31st. Texas Instruments’s payout ratio is presently 103.84%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the sale, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Ahmad Bahai sold 1,500 shares of the firm’s 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 sale, the vice president owned 38,883 shares in the company, valued at $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their price objective on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating for the company in a research note on Wednesday, October 22nd. Mizuho set a $145.00 price target on Texas Instruments in a research report on Wednesday, October 22nd. Cantor Fitzgerald decreased their price objective on Texas Instruments from $200.00 to $170.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 22nd. Stifel Nicolaus set a $170.00 price objective on Texas Instruments in a research note on Wednesday, October 22nd. Finally, UBS Group set a $245.00 target price on shares of Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus price target 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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