Rathbones Group PLC trimmed its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.9% during the third quarter, Holdings Channel reports. The institutional investor owned 253,398 shares of the semiconductor company’s stock after selling 7,575 shares during the quarter. Rathbones Group PLC’s holdings in Texas Instruments were worth $46,557,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth about $25,000. Pacifica Partners Inc. boosted its stake in Texas Instruments by 85.2% during the 3rd quarter. Pacifica Partners Inc. now owns 150 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 69 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new position in Texas Instruments during the 3rd quarter valued at about $29,000. Clal Insurance Enterprises Holdings Ltd increased its holdings in Texas Instruments by 69.9% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 192 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 79 shares in the last quarter. Finally, Osterweis Capital Management Inc. increased its holdings in Texas Instruments by 1,810.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 181 shares in the last quarter. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Down 2.3%
NASDAQ TXN opened at $193.39 on Friday. The business’s fifty day moving average is $203.88 and its 200-day moving average is $186.55. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.35 and a quick ratio of 2.83. The stock has a market capitalization of $176.07 billion, a price-to-earnings ratio of 35.55, a PEG ratio of 1.75 and a beta of 1.01. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $231.32.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 30th. Texas Instruments’s dividend payout ratio is currently 104.41%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. UBS Group raised their target price on Texas Instruments from $245.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 28th. The Goldman Sachs Group upped their price target on Texas Instruments from $156.00 to $175.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Jefferies Financial Group increased their price target on Texas Instruments from $180.00 to $210.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. Deutsche Bank Aktiengesellschaft raised their price objective on Texas Instruments from $185.00 to $205.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Finally, Barclays set a $175.00 target price on shares of Texas Instruments in a research note on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $214.77.
View Our Latest Stock Analysis on TXN
Insider Activity at Texas Instruments
In related news, Director Mark A. Blinn sold 3,144 shares of Texas Instruments stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $221.58, for a total value of $696,647.52. Following the sale, the director owned 11,670 shares of the company’s stock, valued at approximately $2,585,838.60. The trade was a 21.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Ahmad Bahai sold 6,500 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $9,805,805.52. The trade was a 13.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 114,284 shares of company stock worth $25,531,935 over the last 90 days. Corporate insiders own 0.57% of the company’s stock.
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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