KPP Advisory Services LLC raised its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 62.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,161 shares of the semiconductor company’s stock after purchasing an additional 2,374 shares during the quarter. KPP Advisory Services LLC’s holdings in Texas Instruments were worth $1,279,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new stake in shares of Texas Instruments during the first quarter valued at about $711,387,000. Price T Rowe Associates Inc. MD increased its stake in Texas Instruments by 20.6% during the 1st 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 buying an additional 2,257,086 shares during the period. Jennison Associates LLC raised its position in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock worth $397,940,000 after buying an additional 2,140,605 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Texas Instruments by 117.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock worth $726,768,000 after acquiring an additional 1,888,354 shares during the period. Finally, Invesco Ltd. boosted its holdings in shares of Texas Instruments by 14.6% in the first quarter. Invesco Ltd. now owns 13,624,568 shares of the semiconductor company’s stock valued at $2,448,335,000 after acquiring an additional 1,731,411 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $180.32 on Monday. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The stock has a market cap of $163.94 billion, a PE ratio of 33.03, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. The business has a fifty day simple moving average of $189.08 and a 200-day simple moving average of $185.92.
Texas Instruments Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be paid a dividend of $1.42 per share. 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.1%. Texas Instruments’s dividend payout ratio (DPR) is 99.63%.
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $205.35, for a total value of $308,025.00. Following the transaction, the vice president directly owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.57% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TXN. DZ Bank restated a “sell” rating and issued a $158.00 target price on shares of Texas Instruments in a research report on Wednesday, July 23rd. UBS Group set a $255.00 price target on shares of Texas Instruments in a research report on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Texas Instruments in a report on Saturday, September 27th. Robert W. Baird lifted their price target on shares of Texas Instruments from $175.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company reduced their price objective on Texas Instruments from $215.00 to $195.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $213.82.
Read Our Latest Research Report on TXN
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.
Read More
- Five stocks we like better than Texas Instruments
- How to Short Nasdaq: An Easy-to-Follow Guide
- 3 Cybersecurity Stocks Poised for Long-Term Growth
- Do Real Estate Investment Trusts Deserve a Place in Your Portfolio?
- 3 Defense Stocks Surging as Ukraine Tensions Deepen
- Upcoming IPO Stock Lockup Period, Explained
- Starbucks Stock Slumps; This Competitor Shows Strength
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.