Arizona State Retirement System boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 252,636 shares of the semiconductor company’s stock after buying an additional 3,690 shares during the period. Arizona State Retirement System’s holdings in Texas Instruments were worth $75,303,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Kilter Group LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new position in Texas Instruments during the 2nd quarter valued at about $25,000. Addison Advisors LLC bought a new stake in Texas Instruments during the 2nd quarter worth approximately $38,000. Caitlin John LLC bought a new stake in Texas Instruments during the 2nd quarter worth approximately $41,000. Finally, Portus Wealth Advisors LLC purchased a new stake in shares of Texas Instruments in the first quarter worth approximately $27,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN stock traded up $0.48 during trading on Tuesday, hitting $258.92. The company’s stock had a trading volume of 5,436,704 shares, compared to its average volume of 7,849,725. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The company has a market cap of $236.46 billion, a PE ratio of 39.41, a P/E/G ratio of 1.45 and a beta of 1.33. The business has a fifty day moving average of $279.64 and a 200-day moving average of $261.70. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Insider Buying and Selling at Texas Instruments
In related news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $264.63, for a total value of $1,852,410.00. Following the transaction, the vice president directly owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. The trade was a 23.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on TXN shares. Cantor Fitzgerald reiterated a “neutral” rating and set a $340.00 price target on shares of Texas Instruments in a report on Monday, August 17th. Truist Financial raised their price objective on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Mizuho lifted their price objective on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, HC Wainwright downgraded shares of Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $312.12.
Check Out Our Latest Stock Report on TXN
Texas Instruments Company 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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