Checchi Capital Advisers LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,998 shares of the semiconductor company’s stock after selling 381 shares during the period. Checchi Capital Advisers LLC’s holdings in Texas Instruments were worth $2,283,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new position in Texas Instruments during the first quarter worth $711,387,000. Price T Rowe Associates Inc. MD increased its position in Texas Instruments by 20.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,197,863 shares of the semiconductor company’s stock worth $2,371,657,000 after buying an additional 2,257,086 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Texas Instruments by 2,898.0% during the 1st quarter. Jennison Associates LLC now owns 2,214,471 shares of the semiconductor company’s stock valued at $397,940,000 after acquiring an additional 2,140,605 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings 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 acquiring an additional 1,888,354 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Texas Instruments by 14.6% during 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 last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of Texas Instruments stock opened at $180.32 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. The firm’s 50-day simple moving average is $189.08 and its 200-day simple moving average is $185.88. The firm has a market cap of $163.94 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69.
Texas Instruments Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Friday, October 31st will be issued a dividend of $1.42 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.68 annualized dividend and a yield of 3.1%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s dividend payout ratio (DPR) is currently 99.63%.
Insider Activity
In other news, VP Ahmad Bahai sold 1,500 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the transaction, the vice president owned 38,883 shares of the company’s stock, valued at $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.57% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several brokerages have commented on TXN. Mizuho lowered their price target on Texas Instruments from $205.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, July 23rd. Seaport Res Ptn upgraded shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a research note on Monday, July 21st. Bank of America lowered their target price on shares of Texas Instruments from $218.00 to $208.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Wolfe Research upgraded shares of Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research note on Monday, July 28th. Finally, UBS Group set a $255.00 price target on Texas Instruments in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and an average target price of $213.82.
Read Our Latest Stock 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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