BLB&B Advisors LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,207 shares of the semiconductor company’s stock after selling 72 shares during the quarter. BLB&B Advisors LLC’s holdings in Texas Instruments were worth $873,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Nuveen LLC acquired a new stake in Texas Instruments in the first quarter valued at $711,387,000. Price T Rowe Associates Inc. MD lifted its holdings in 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 valued at $2,371,657,000 after acquiring an additional 2,257,086 shares during the period. Jennison Associates LLC lifted its holdings in 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 valued at $397,940,000 after acquiring an additional 2,140,605 shares during the period. Assenagon Asset Management S.A. lifted its holdings in 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 valued at $726,768,000 after acquiring an additional 1,888,354 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Texas Instruments by 14.6% during the 1st quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after buying an additional 1,731,411 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.2%
Texas Instruments stock opened at $160.51 on Friday. The stock has a market cap of $145.84 billion, a PE ratio of 29.34, a P/E/G ratio of 3.05 and a beta of 1.01. The stock has a 50-day moving average price of $182.84 and a 200 day moving average price of $186.47. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be given a dividend of $1.42 per share. The ex-dividend date is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a yield of 3.5%. This is a boost from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.
Analyst Ratings Changes
Several research firms have recently issued reports on TXN. Seaport Res Ptn raised Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Rosenblatt Securities cut their price target on Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Wells Fargo & Company cut their price target on Texas Instruments from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. TD Cowen cut their price target on Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the stock. Based on data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $191.67.
Read Our Latest Research Report on Texas Instruments
Insider Buying and Selling
In related news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the sale, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.57% of the company’s stock.
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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