Harvest Fund Management Co. Ltd raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 13.3% during the fourth quarter, Holdings Channel reports. The fund owned 195,919 shares of the semiconductor company’s stock after buying an additional 22,933 shares during the period. Texas Instruments comprises about 1.3% of Harvest Fund Management Co. Ltd’s investment portfolio, making the stock its 16th biggest position. Harvest Fund Management Co. Ltd’s holdings in Texas Instruments were worth $34,737,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Norges Bank bought a new position in Texas Instruments during the fourth quarter valued at approximately $2,516,628,000. Amundi grew its position in Texas Instruments by 61.0% during the third quarter. Amundi now owns 9,445,243 shares of the semiconductor company’s stock valued at $1,717,240,000 after acquiring an additional 3,580,147 shares during the last quarter. Invesco Ltd. grew its position in Texas Instruments by 16.8% during the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock valued at $3,019,603,000 after acquiring an additional 2,366,695 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Texas Instruments by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 12,273,233 shares of the semiconductor company’s stock worth $2,129,283,000 after purchasing an additional 2,250,174 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of Texas Instruments by 21.8% in the third quarter. Van ECK Associates Corp now owns 9,134,203 shares of the semiconductor company’s stock worth $1,678,227,000 after purchasing an additional 1,635,870 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN stock opened at $305.37 on Friday. The stock has a fifty day moving average of $259.89 and a 200 day moving average of $215.96. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $331.51. The firm has a market capitalization of $277.92 billion, a price-to-earnings ratio of 52.29, a PEG ratio of 1.55 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 Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were given 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 yield of 1.9%. Texas Instruments’s dividend payout ratio (DPR) is currently 97.26%.
Analysts Set New Price Targets
Several research analysts have recently issued reports on TXN shares. Rosenblatt Securities raised their target price on shares of Texas Instruments from $240.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Stifel Nicolaus set a $340.00 target price on shares of Texas Instruments in a report on Friday, May 15th. Wolfe Research restated an “outperform” rating and issued a $315.00 target price on shares of Texas Instruments in a report on Thursday, April 23rd. UBS Group raised their target price 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, Benchmark raised their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $265.57.
Read Our Latest Report on Texas Instruments
Insider Buying and Selling at Texas Instruments
In other Texas Instruments news, VP Amichai Ron sold 18,365 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was sold at an average price of $272.43, for a total transaction of $5,003,176.95. Following the completion of the transaction, the vice president owned 81,085 shares of the company’s stock, valued at approximately $22,089,986.55. This trade represents a 18.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rafael R. Lizardi sold 47,734 shares of the firm’s stock in a transaction on 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 transaction, the chief financial officer directly owned 85,485 shares of the company’s stock, valued at $26,337,928.50. This represents a 35.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 303,475 shares of company stock valued at $85,666,638. Company insiders own 0.60% of the company’s stock.
About Texas Instruments
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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