Vestmark Advisory Solutions Inc. decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 48.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,461 shares of the semiconductor company’s stock after selling 27,616 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Texas Instruments were worth $6,117,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Texas Instruments by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 94,020,960 shares of the semiconductor company’s stock worth $16,895,567,000 after acquiring an additional 453,683 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Texas Instruments by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 21,915,824 shares of the semiconductor company’s stock valued at $3,938,274,000 after purchasing an additional 428,356 shares in the last quarter. Invesco Ltd. increased its position in Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock worth $2,448,335,000 after purchasing an additional 1,731,411 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 purchasing an additional 2,257,086 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Texas Instruments by 0.9% during the first quarter. Northern Trust Corp now owns 10,493,990 shares of the semiconductor company’s stock valued at $1,885,770,000 after purchasing an additional 95,980 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Trading Down 0.5%
NASDAQ TXN opened at $160.55 on Friday. The stock has a market cap of $145.88 billion, a PE ratio of 29.35, a PEG ratio of 3.05 and a beta of 1.02. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company’s 50-day moving average price is $177.59 and its 200-day moving average price is $187.01. 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Investors of record on Friday, October 31st will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 3.5%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, October 31st. Texas Instruments’s payout ratio is currently 103.84%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on TXN. Robert W. Baird set a $195.00 target price on shares of Texas Instruments and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Texas Instruments in a research note on Wednesday, October 8th. Truist Financial decreased their price objective on Texas Instruments from $196.00 to $175.00 and set a “hold” rating on the stock in a research report on Wednesday, October 22nd. TD Cowen dropped their target price on Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. cut their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have issued a Sell rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and an average price target of $191.67.
Get Our Latest Stock Analysis on TXN
Insider Buying and Selling
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of Texas Instruments stock in a transaction on 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 directly owned 38,883 shares of the company’s stock, valued at $7,984,624.05. The trade was a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.57% of the stock is 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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