Skandinaviska Enskilda Banken AB publ reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 239,885 shares of the semiconductor company’s stock after selling 3,753 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Texas Instruments were worth $49,791,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Dagco Inc. purchased a new stake in Texas Instruments during the 1st quarter valued at about $32,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of 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. LGT Financial Advisors LLC lifted its stake in shares of Texas Instruments by 328.9% in the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after buying an additional 148 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Texas Instruments during the second quarter valued at approximately $40,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of Texas Instruments by 69.9% during the second quarter. Clal Insurance Enterprises Holdings Ltd now owns 192 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 79 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Up 2.2%
Shares of Texas Instruments stock opened at $165.35 on Friday. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The company’s fifty day simple moving average is $170.15 and its 200-day simple moving average is $186.90. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The stock has a market capitalization of $150.24 billion, a PE ratio of 30.23, a P/E/G ratio of 3.05 and a beta of 1.02.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Friday, October 31st were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, October 31st. This is an increase from Texas Instruments’s previous quarterly dividend of $1.36. Texas Instruments’s payout ratio is presently 103.84%.
Insider Buying and Selling
In other Texas Instruments news, Director Ronald Kirk sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the transaction, the director owned 14,937 shares of the company’s stock, valued at $2,424,723.21. The trade was a 40.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Christine Witzsche sold 1,000 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the sale, the vice president directly owned 20,821 shares of the company’s stock, valued at approximately $3,421,098.51. This trade represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.57% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts recently issued reports on TXN shares. Mizuho set a $145.00 price objective on Texas Instruments in a research report on Wednesday, October 22nd. Susquehanna lowered their price target on Texas Instruments from $240.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, October 22nd. TD Cowen dropped their price objective on Texas Instruments from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 22nd. Benchmark reiterated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Finally, Rosenblatt Securities lowered their target price on shares of Texas Instruments from $245.00 to $200.00 and set a “buy” rating on the stock in a research note on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, eleven have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $191.67.
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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