Simon Quick Advisors LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 9.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 7,045 shares of the semiconductor company’s stock after acquiring an additional 617 shares during the quarter. Simon Quick Advisors LLC’s holdings in Texas Instruments were worth $1,463,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Nuveen LLC purchased a new stake in Texas Instruments in the first quarter valued at about $711,387,000. Price T Rowe Associates Inc. MD raised its stake in shares of Texas Instruments by 20.6% in the first 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 raised its stake in shares of Texas Instruments by 2,898.0% in the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after purchasing an additional 2,140,605 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Texas Instruments by 117.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock worth $726,768,000 after purchasing an additional 1,888,354 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of 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 purchasing an additional 1,731,411 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 0.2%
Texas Instruments stock opened at $160.51 on Friday. The firm has a market cap of $145.84 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The business’s 50-day moving average price is $182.84 and its 200 day moving average price is $186.47. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. This represents a $5.68 annualized dividend and a yield of 3.5%. Texas Instruments’s dividend payout ratio is 103.84%.
Insider Buying and Selling
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the sale, the vice president directly owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on TXN. Morgan Stanley set a $175.00 price objective on Texas Instruments in a research note on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. Susquehanna reduced their price objective on Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a research note on Wednesday, October 22nd. 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. Finally, Stifel Nicolaus set a $170.00 price objective on Texas Instruments in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $191.67.
Read Our Latest Research Report on Texas Instruments
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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