Korea Investment CORP lifted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 751,136 shares of the semiconductor company’s stock after purchasing an additional 12,277 shares during the quarter. Korea Investment CORP owned about 0.08% of Texas Instruments worth $155,951,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in Texas Instruments by 35.1% in the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock valued at $621,218,000 after acquiring an additional 777,619 shares during the last quarter. Howard Capital Management Inc. increased its stake in Texas Instruments by 11.3% during the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock worth $5,553,000 after acquiring an additional 2,709 shares during the last quarter. Independent Advisor Alliance raised its position in Texas Instruments by 4.8% in the first quarter. Independent Advisor Alliance now owns 26,684 shares of the semiconductor company’s stock valued at $4,795,000 after purchasing an additional 1,232 shares during the period. Vanguard Group Inc. raised its position in Texas Instruments by 1.5% in the second quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in shares of Texas Instruments by 1,064.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 52,146 shares of the semiconductor company’s stock valued at $10,827,000 after purchasing an additional 47,669 shares during the last quarter. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
TXN stock opened at $165.35 on Thursday. The business’s 50-day moving average is $170.48 and its two-hundred day moving average is $187.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The firm has a market capitalization of $150.24 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.05 and a beta of 1.02. 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 disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st were given a dividend of $1.42 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.68 annualized dividend and a dividend yield of 3.4%. Texas Instruments’s dividend payout ratio is presently 103.84%.
Analyst Ratings Changes
A number of analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Citigroup lowered their price objective on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating for the company in a research report on Thursday, October 16th. Morgan Stanley set a $175.00 target price on shares of Texas Instruments in a report on Wednesday, October 22nd. Mizuho set a $145.00 price target on Texas Instruments in a research note on Wednesday, October 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of 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 issued a Hold rating and six have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $191.67.
View Our Latest Stock Analysis on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other news, VP Christine Witzsche sold 1,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total value of $164,310.00. Following the transaction, the vice president owned 20,821 shares in the company, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $162.33, for a total value of $1,621,676.70. Following the sale, the director directly owned 14,937 shares in the company, valued at $2,424,723.21. This trade represents a 40.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.57% of the stock is currently owned by 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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