Handelsbanken Fonder AB grew its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 13.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 419,960 shares of the semiconductor company’s stock after buying an additional 51,360 shares during the period. Handelsbanken Fonder AB’s holdings in Texas Instruments were worth $125,177,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in TXN. Brighton Jones LLC lifted its holdings in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after purchasing an additional 4,218 shares during the period. Intech Investment Management LLC boosted its position in Texas Instruments by 12.8% in the first quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock valued at $1,632,000 after buying an additional 1,031 shares during the last quarter. Osterweis Capital Management Inc. increased its holdings in Texas Instruments by 1,810.0% in the 2nd 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 raised 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 worth $1,540,000 after buying an additional 126 shares during the last quarter. Finally, HUB Investment Partners LLC raised 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 worth $3,046,000 after buying an additional 496 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Down 2.0%
TXN stock opened at $280.44 on Tuesday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The firm has a 50-day simple moving average of $294.58 and a 200-day simple moving average of $254.68. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $256.11 billion, a P/E ratio of 42.68, a P/E/G ratio of 1.12 and a beta of 1.33.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st will be issued 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 2.0%. Texas Instruments’s dividend payout ratio is presently 86.45%.
Insiders Place Their Bets
In other news, Director Carrie Smith Cox sold 8,838 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $306.41, for a total transaction of $2,708,051.58. Following the transaction, the director directly owned 37,626 shares in the company, valued at $11,528,982.66. The trade was a 19.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Ahmad Bahai sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. Following the completion of the sale, the vice president owned 42,519 shares of the company’s stock, valued at $13,143,898.47. This trade represents a 10.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,572 shares of company stock valued at $18,960,547 in the last ninety days. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several research firms have recently commented on TXN. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Evercore restated an “outperform” rating and set a $330.00 target price on shares of Texas Instruments in a research report on Thursday, July 23rd. Zacks Research lowered shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a report on Friday, July 10th. Finally, The Goldman Sachs Group increased their price target on Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, nine have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average price target of $312.12.
Texas Instruments Profile
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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