Nan Shan Life Insurance Co. Ltd. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,401 shares of the semiconductor company’s stock after purchasing an additional 32,200 shares during the quarter. Texas Instruments accounts for 1.4% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 25th biggest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Texas Instruments were worth $44,532,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. Kilter Group LLC purchased a new position in Texas Instruments in the 2nd quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments in the second quarter worth about $25,000. Addison Advisors LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $38,000. Caitlin John LLC acquired a new position in Texas Instruments in the 2nd quarter worth approximately $41,000. Finally, Portus Wealth Advisors LLC purchased a new position in Texas Instruments during the 1st quarter worth approximately $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Down 2.9%
Texas Instruments stock opened at $253.34 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The company has a market capitalization of $231.36 billion, a price-to-earnings ratio of 38.56, a PEG ratio of 1.47 and a beta of 1.33. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company’s fifty day moving average price is $282.85 and its two-hundred day moving average price is $260.82.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Insider Transactions at Texas Instruments
In other news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the sale, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
TXN has been the subject of a number of research analyst reports. Mizuho increased their target price on Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $340.00 target price on shares of Texas Instruments in a report on Monday, August 17th. Benchmark increased their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Susquehanna upped their price objective on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Analysis on Texas Instruments
Texas Instruments 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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