Bessemer Group Inc. grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 29.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 695,131 shares of the semiconductor company’s stock after buying an additional 157,795 shares during the quarter. Bessemer Group Inc.’s holdings in Texas Instruments were worth $144,322,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. Nuveen LLC acquired a new stake in Texas Instruments in the first quarter worth about $711,387,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 purchasing an additional 2,257,086 shares in the last quarter. Jennison Associates LLC lifted its holdings 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 valued at $397,940,000 after purchasing an additional 2,140,605 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Texas Instruments by 117.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,500,474 shares of the semiconductor company’s stock valued at $726,768,000 after purchasing an additional 1,888,354 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Texas Instruments by 14.6% in the 1st 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 Trading Down 1.8%
TXN stock opened at $169.13 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The company has a fifty day moving average price of $185.53 and a two-hundred day moving average price of $186.50. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69. The stock has a market cap of $153.67 billion, a price-to-earnings ratio of 30.92, a price-to-earnings-growth ratio of 3.22 and a beta of 1.01.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a $1.42 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 dividend on an annualized basis and a yield of 3.4%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is currently 99.45%.
Insider Buying and Selling
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The stock was 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 $7,984,624.05. This represents a 3.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.57% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
TXN has been the topic of several research reports. TD Cowen cut their target price on Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. BNP Paribas upgraded Texas Instruments to a “strong sell” rating in a research note on Wednesday, July 23rd. Rosenblatt Securities dropped their price objective on Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Seaport Res Ptn upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Finally, Morgan Stanley set a $175.00 price objective on Texas Instruments in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $191.67.
Check Out Our Latest Research Report on Texas Instruments
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.
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