Mufg Securities Americas Inc. grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 21.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,516 shares of the semiconductor company’s stock after purchasing an additional 4,382 shares during the period. Mufg Securities Americas Inc.’s holdings in Texas Instruments were worth $4,504,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Milestone Asset Management LLC raised its stake in Texas Instruments by 1.9% in the second quarter. Milestone Asset Management LLC now owns 2,929 shares of the semiconductor company’s stock valued at $608,000 after buying an additional 54 shares during the last quarter. Pathway Financial Advisers LLC increased its holdings in shares of Texas Instruments by 0.8% during the second quarter. Pathway Financial Advisers LLC now owns 7,007 shares of the semiconductor company’s stock valued at $1,455,000 after acquiring an additional 55 shares in the last quarter. Aspect Partners LLC raised its position in shares of Texas Instruments by 38.4% in the 2nd quarter. Aspect Partners LLC now owns 209 shares of the semiconductor company’s stock valued at $43,000 after purchasing an additional 58 shares during the last quarter. Prestige Wealth Management Group LLC boosted its stake in Texas Instruments by 3.4% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 1,788 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 59 shares in the last quarter. Finally, Winthrop Capital Management LLC grew its position in Texas Instruments by 1.9% during the 2nd quarter. Winthrop Capital Management LLC now owns 3,168 shares of the semiconductor company’s stock worth $658,000 after purchasing an additional 60 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 0.1%
Shares of TXN opened at $219.86 on Tuesday. The company has a market capitalization of $199.53 billion, a price-to-earnings ratio of 40.42, a PEG ratio of 1.98 and a beta of 1.01. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $231.32. The stock’s 50-day moving average price is $198.54 and its 200-day moving average price is $185.59. The company has a quick ratio of 2.83, a current ratio of 4.35 and a debt-to-equity ratio of 0.83.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were issued a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a yield of 2.6%. Texas Instruments’s dividend payout ratio is 104.41%.
Insider Activity
In other news, CFO Rafael R. Lizardi sold 7,096 shares of the stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.78, for a total transaction of $1,637,614.88. Following the sale, the chief financial officer directly owned 85,454 shares of the company’s stock, valued at $19,721,074.12. This represents a 7.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Ahmad Bahai sold 6,500 shares of Texas Instruments stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.79, for a total value of $1,500,135.00. Following the completion of the transaction, the vice president owned 42,488 shares of the company’s stock, valued at approximately $9,805,805.52. This represents a 13.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 114,284 shares of company stock valued at $25,531,935 in the last three months. Corporate insiders own 0.57% of the company’s stock.
Analyst Ratings Changes
TXN has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Texas Instruments from $210.00 to $227.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft lifted their price target on Texas Instruments from $185.00 to $205.00 and gave the stock a “hold” rating in a research report on Wednesday, January 28th. UBS Group increased their price objective on Texas Instruments from $245.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. Truist Financial set a $250.00 price objective on Texas Instruments in a research note on Monday. Finally, Wells Fargo & Company lifted their target price on Texas Instruments from $185.00 to $215.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $214.77.
Read Our Latest Stock Analysis on TXN
About Texas Instruments
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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