St. Louis Trust Co bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor bought 1,104 shares of the semiconductor company’s stock, valued at approximately $229,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Nuveen LLC purchased a new stake in Texas Instruments during the first quarter valued at approximately $711,387,000. Price T Rowe Associates Inc. MD lifted its position in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock valued at $2,371,657,000 after acquiring an additional 2,257,086 shares during the last quarter. Jennison Associates LLC lifted its position in Texas Instruments by 2,898.0% during the first quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock valued at $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Texas Instruments by 117.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock valued at $726,768,000 after acquiring an additional 1,888,354 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Texas Instruments by 14.6% during the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 4.1%
Shares of Texas Instruments stock opened at $171.70 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a fifty day moving average price of $188.26 and a 200 day moving average price of $185.76. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock has a market cap of $156.10 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 2.80 and a beta of 1.01.
Texas Instruments Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.3%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s dividend payout ratio is 104.03%.
Insider Activity
In related news, VP Ahmad Bahai sold 1,500 shares of the firm’s stock in a transaction on 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 transaction, the vice president owned 38,883 shares of the company’s stock, valued at $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 SEC, which is available at this hyperlink. 0.57% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the stock. Wolfe Research raised shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price for the company in a research report on Monday, July 28th. Benchmark reaffirmed a “buy” rating and issued a $220.00 price target on shares of Texas Instruments in a report on Monday, September 8th. DZ Bank reaffirmed a “sell” rating and issued a $158.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. TD Cowen decreased their price target on shares of Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a report on Wednesday, July 23rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $245.00 price target on shares of Texas Instruments in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $213.82.
Get Our Latest Stock 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.
Further Reading
- Five stocks we like better than Texas Instruments
- Pets Are Big Business: 4 Big-Ticket Pet Stocks to Add to Your Portfolio
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- Find and Profitably Trade Stocks at 52-Week Lows
- Could Target’s Week of Discounts Come Full Circle for Investors?
- What Investors Need to Know to Beat the Market
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.