Platinum Investment Management Ltd. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 177.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,289 shares of the semiconductor company’s stock after buying an additional 4,019 shares during the quarter. Platinum Investment Management Ltd.’s holdings in Texas Instruments were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Cloud Capital Management LLC purchased a new stake in Texas Instruments in the first quarter worth approximately $28,000. Dagco Inc. purchased a new stake in Texas Instruments in the first quarter worth approximately $32,000. CBIZ Investment Advisory Services LLC boosted its stake in Texas Instruments by 67.6% in the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after buying an additional 75 shares in the last quarter. Quintet Private Bank Europe S.A. purchased a new stake in Texas Instruments in the first quarter worth approximately $34,000. Finally, N.E.W. Advisory Services LLC purchased a new stake in Texas Instruments in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of Texas Instruments stock opened at $180.39 on Thursday. The company has a quick ratio of 3.88, a current ratio of 5.81 and a debt-to-equity ratio of 0.86. The company has a market cap of $164.00 billion, a PE ratio of 33.04, a P/E/G ratio of 3.00 and a beta of 1.01. The business has a 50 day moving average of $189.24 and a 200 day moving average of $185.83. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week 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 $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.1%. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, October 31st. Texas Instruments’s dividend payout ratio is currently 99.63%.
Analysts Set New Price Targets
TXN has been the subject of a number of analyst reports. Benchmark reissued a “buy” rating and set a $220.00 price objective on shares of Texas Instruments in a research note on Monday, September 8th. Rosenblatt Securities reissued a “buy” rating and set a $245.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 23rd. Arete Research raised Texas Instruments to a “hold” rating in a research note on Thursday, June 26th. KeyCorp increased their price objective on Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Finally, TD Cowen dropped their price objective on Texas Instruments from $245.00 to $230.00 and set a “buy” rating for the company in a research note on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, thirteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $213.82.
Check Out Our Latest Research Report on TXN
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Ahmad Bahai sold 1,500 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total value of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares in the company, valued at approximately $7,984,624.05. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.57% of the company’s stock.
Texas Instruments 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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