Quadrant Capital Group LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 7.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,249 shares of the semiconductor company’s stock after acquiring an additional 1,428 shares during the period. Quadrant Capital Group LLC’s holdings in Texas Instruments were worth $4,412,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Nuveen LLC purchased a new position in Texas Instruments during the first quarter worth approximately $711,387,000. Soundwatch Capital LLC raised its stake in shares of Texas Instruments by 174,339.6% during the 2nd quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock worth $617,503,000 after buying an additional 2,972,491 shares during the period. Price T Rowe Associates Inc. MD lifted its position 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 buying an additional 2,257,086 shares in the last quarter. Assenagon Asset Management S.A. lifted its position 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 buying an additional 1,888,354 shares in the last quarter. Finally, Invesco Ltd. grew 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 during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Up 2.2%
Shares of TXN opened at $165.35 on Thursday. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $221.69. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $170.48 and a two-hundred day simple moving average of $187.05. The company has a market capitalization of $150.24 billion, a PE ratio of 30.23, a price-to-earnings-growth ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st were paid a dividend of $1.42 per share. 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. The ex-dividend date was Friday, October 31st. Texas Instruments’s payout ratio is currently 103.84%.
Insider Buying and Selling at Texas Instruments
In related news, VP Christine Witzsche sold 1,000 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the transaction, the vice president owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the transaction, the director owned 14,937 shares of the company’s stock, valued at $2,424,723.21. This trade represents a 40.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
TXN has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 22nd. Bank of America downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $208.00 to $190.00 in a research report on Monday, October 13th. Morgan Stanley set a $175.00 price objective on Texas Instruments in a research note on Wednesday, October 22nd. Truist Financial lowered their target price on shares of Texas Instruments from $196.00 to $175.00 and set a “hold” rating on the stock in a research note on Wednesday, October 22nd. Finally, Susquehanna reduced their target price on shares of Texas Instruments from $240.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $191.67.
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.
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