Tealwood Asset Management Inc. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 55.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,047 shares of the semiconductor company’s stock after selling 6,377 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Texas Instruments were worth $876,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. Norges Bank acquired a new position in Texas Instruments during the second quarter worth $2,836,310,000. Amundi lifted its holdings in Texas Instruments by 61.0% in the third quarter. Amundi now owns 9,445,243 shares of the semiconductor company’s stock valued at $1,717,240,000 after acquiring an additional 3,580,147 shares during the period. Soundwatch Capital LLC lifted its holdings in Texas Instruments by 174,339.6% in the second quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock valued at $617,503,000 after acquiring an additional 2,972,491 shares during the period. Invesco Ltd. boosted its position in shares of Texas Instruments by 16.8% during the 3rd quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock worth $3,019,603,000 after purchasing an additional 2,366,695 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Texas Instruments by 21.8% during the 3rd quarter. Van ECK Associates Corp now owns 9,134,203 shares of the semiconductor company’s stock worth $1,678,227,000 after purchasing an additional 1,635,870 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $187.19 on Friday. The company has a current ratio of 4.35, a quick ratio of 2.83 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $170.43 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.01. The firm has a 50-day moving average price of $206.25 and a two-hundred day moving average price of $185.81. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $231.32.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Friday, January 30th. Texas Instruments’s dividend payout ratio is 104.41%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on TXN shares. DZ Bank upgraded shares of Texas Instruments to a “strong sell” rating in a report on Monday, February 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Instruments in a report on Monday, December 29th. Susquehanna upped their target price on shares of Texas Instruments from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Thursday, January 22nd. Barclays set a $175.00 target price on shares of Texas Instruments in a report on Wednesday, January 28th. Finally, KeyCorp lowered Texas Instruments from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, fourteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $214.77.
Check Out Our Latest Stock Analysis on Texas Instruments
Insider Activity
In other Texas Instruments news, VP Ahmad Bahai sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.79, for a total transaction of $1,500,135.00. Following the completion of the transaction, the vice president owned 42,488 shares of the company’s stock, valued at approximately $9,805,805.52. This trade represents a 13.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Rafael R. Lizardi sold 7,096 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $230.78, for a total value of $1,637,614.88. Following the completion of the transaction, the chief financial officer directly owned 85,454 shares of the company’s stock, valued at approximately $19,721,074.12. This trade represents a 7.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 114,284 shares of company stock worth $25,531,935 in the last quarter. 0.60% of the stock is currently owned by corporate insiders.
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.
See Also
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