PNC Financial Services Group Inc. lowered its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,418,300 shares of the semiconductor company’s stock after selling 43,630 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Texas Instruments were worth $246,061,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership raised its position in Texas Instruments by 1.7% in the third quarter. Artisan Partners Limited Partnership now owns 758,349 shares of the semiconductor company’s stock valued at $139,331,000 after purchasing an additional 12,562 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its position in Texas Instruments by 1.3% in the third quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,307,580 shares of the semiconductor company’s stock valued at $240,242,000 after purchasing an additional 16,260 shares during the period. Swiss Life Asset Management Ltd raised its position in Texas Instruments by 10.1% in the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after purchasing an additional 50,808 shares during the period. Greenland Capital Management LP raised its position in Texas Instruments by 66.3% in the third quarter. Greenland Capital Management LP now owns 58,151 shares of the semiconductor company’s stock valued at $10,684,000 after purchasing an additional 23,177 shares during the period. Finally, Providence Capital Advisors LLC purchased a new position in Texas Instruments in the third quarter valued at about $6,347,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.6%
Shares of NASDAQ TXN opened at $302.31 on Wednesday. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $310.29. The firm has a market cap of $275.13 billion, a price-to-earnings ratio of 51.77, a PEG ratio of 1.50 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. The stock’s 50-day simple moving average is $232.10 and its 200-day simple moving average is $203.51.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Tuesday, May 5th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s payout ratio is currently 97.26%.
Wall Street Analysts Forecast Growth
Several research analysts have commented on TXN shares. Truist Financial raised their price objective on Texas Instruments from $225.00 to $278.00 and gave the company a “hold” rating in a research report on Thursday, April 23rd. Bank of America raised Texas Instruments from a “neutral” rating to a “buy” rating and raised their price objective for the company from $235.00 to $320.00 in a research report on Thursday, April 23rd. Wolfe Research reaffirmed an “outperform” rating and set a $315.00 target price on shares of Texas Instruments in a research report on Thursday, April 23rd. Benchmark lifted their target price on Texas Instruments from $250.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, KeyCorp lifted their target price on Texas Instruments from $240.00 to $325.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $263.65.
Read Our Latest Research Report on TXN
Insider Transactions at Texas Instruments
In related news, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $280.32, for a total value of $5,606,400.00. Following the completion of the sale, the chief executive officer directly owned 204,339 shares of the company’s stock, valued at $57,280,308.48. The trade was a 8.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $308.10, for a total value of $14,706,845.40. Following the completion of the sale, the chief financial officer directly owned 85,485 shares of the company’s stock, valued at approximately $26,337,928.50. This represents a 35.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 303,475 shares of company stock valued at $85,666,638 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
Texas Instruments Company Profile
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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