State of Wisconsin Investment Board lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 478,155 shares of the semiconductor company’s stock after selling 6,871 shares during the period. State of Wisconsin Investment Board’s holdings in Texas Instruments were worth $82,955,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments during the second quarter worth about $25,000. High Point Wealth Management LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Advocate Investing Services LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Down 2.4%
Shares of NASDAQ TXN opened at $305.71 on Wednesday. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $331.51. The firm has a fifty day moving average of $276.22 and a 200-day moving average of $223.66. The stock has a market capitalization of $278.22 billion, a PE ratio of 52.35, a P/E/G ratio of 1.57 and a beta of 1.32. The company has a quick ratio of 2.94, a current ratio of 4.46 and a debt-to-equity ratio of 0.77.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were paid a dividend of $1.42 per share. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Texas Instruments’s payout ratio is currently 97.26%.
Insider Activity at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total transaction of $1,545,650.00. Following the completion of the sale, the vice president directly owned 42,519 shares in the company, valued at $13,143,898.47. The trade was a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the sale, the chief executive officer owned 204,339 shares of the company’s stock, valued at approximately $57,280,308.48. This represents a 8.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 303,475 shares of company stock worth $85,666,638. 0.60% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on TXN. Wolfe Research reiterated an “outperform” rating and set a $315.00 price target on shares of Texas Instruments in a report on Thursday, April 23rd. Benchmark lifted their price target on shares of Texas Instruments from $250.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Cantor Fitzgerald reiterated a “neutral” rating on shares of Texas Instruments in a report on Friday, May 29th. UBS Group lifted their price target on shares of Texas Instruments from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $269.61.
Read Our Latest Stock Report on TXN
Texas Instruments 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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