Andra AP fonden raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 6.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 134,686 shares of the semiconductor company’s stock after purchasing an additional 8,000 shares during the period. Andra AP fonden’s holdings in Texas Instruments were worth $40,146,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of TXN. Wellington Altus USA Inc. raised its holdings in Texas Instruments by 11.3% in the 2nd quarter. Wellington Altus USA Inc. now owns 472 shares of the semiconductor company’s stock worth $141,000 after purchasing an additional 48 shares during the period. Anchor Investment Management LLC boosted its holdings in shares of Texas Instruments by 1.7% during the 2nd quarter. Anchor Investment Management LLC now owns 18,396 shares of the semiconductor company’s stock valued at $5,483,000 after purchasing an additional 303 shares during the last quarter. Talon Private Wealth LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $222,000. ABS Direct Equity Fund LLC purchased a new position in shares of Texas Instruments in the second quarter valued at $89,000. Finally, Bouchey Financial Group Ltd. bought a new stake in Texas Instruments in the second quarter worth $345,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 0.3%
Shares of NASDAQ:TXN traded down $0.81 during trading hours on Tuesday, hitting $270.06. 1,746,604 shares of the company’s stock traded hands, compared to its average volume of 7,777,848. The firm has a market capitalization of $246.63 billion, a P/E ratio of 41.12, a price-to-earnings-growth ratio of 1.49 and a beta of 1.33. The business has a fifty day moving average price of $272.28 and a 200-day moving average price of $265.12. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.52 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $1.42. This represents a $6.08 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Friday, October 30th. Texas Instruments’s payout ratio is presently 86.45%.
Insider Activity at Texas Instruments
In related news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares of the company’s stock, valued at $6,134,388.03. This trade represents a 23.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
TXN has been the subject of a number of recent research reports. KeyCorp lifted their price objective on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. TD Cowen lowered their price target on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their price objective on Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Finally, Rosenblatt Securities raised their price objective on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $312.12.
Get Our Latest Analysis on TXN
Texas Instruments Profile
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures semiconductors used in industrial, automotive, personal electronics, communications equipment and enterprise systems. The company’s portfolio is led by analog chips, which manage power, sensing and signal processing, and embedded processing products, including microcontrollers and processors that control electronic systems.
Texas Instruments also develops products such as data converters, amplifiers, interface and connectivity devices, motor drivers, power-management semiconductors and calculators.
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