Lazard Asset Management LLC decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 88.8% during the first quarter, HoldingsChannel reports. The firm owned 25,647 shares of the semiconductor company’s stock after selling 202,576 shares during the period. Lazard Asset Management LLC’s holdings in Texas Instruments were worth $4,979,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the business. Brighton Jones LLC increased its holdings in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after buying an additional 4,218 shares during the period. Intech Investment Management LLC lifted its holdings in Texas Instruments by 12.8% during the first quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock worth $1,632,000 after buying an additional 1,031 shares during the period. Osterweis Capital Management Inc. lifted its holdings in Texas Instruments by 1,810.0% during the second quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock worth $40,000 after buying an additional 181 shares during the period. Main Street Financial Solutions LLC boosted its position in Texas Instruments by 1.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 7,417 shares of the semiconductor company’s stock valued at $1,540,000 after acquiring an additional 126 shares in the last quarter. Finally, HUB Investment Partners LLC boosted its position in Texas Instruments by 3.5% during the 2nd quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company’s stock valued at $3,046,000 after acquiring an additional 496 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of TXN stock opened at $275.74 on Friday. The business’s fifty day simple moving average is $298.40 and its 200-day simple moving average is $250.51. The company has a market cap of $251.82 billion, a PE ratio of 41.97, a PEG ratio of 1.10 and a beta of 1.32. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be paid a $1.42 dividend. The ex-dividend date is Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Insider Buying and Selling
In other Texas Instruments news, Director Carrie Smith Cox sold 8,838 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $306.41, for a total value of $2,708,051.58. Following the completion of the sale, the director owned 37,626 shares of the company’s stock, valued at approximately $11,528,982.66. This trade represents a 19.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Ahmad Bahai sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $309.13, for a total value of $1,545,650.00. Following the sale, the vice president owned 42,519 shares in the company, valued at $13,143,898.47. The trade was a 10.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 86,535 shares of company stock valued at $26,032,124 in the last 90 days. 0.60% of the stock is owned by insiders.
Analyst Ratings Changes
TXN has been the subject of several recent research reports. Morgan Stanley boosted their price target on Texas Instruments from $230.00 to $255.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Susquehanna raised their price objective on Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. raised their price objective on Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Finally, Rosenblatt Securities boosted their target price on shares of Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $312.12.
Check Out Our Latest Analysis on TXN
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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