Pensionfund Sabic acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,800 shares of the semiconductor company’s stock, valued at approximately $1,180,000.
A number of other hedge funds have also recently made changes to their positions in TXN. Vanguard Group Inc. raised its position in Texas Instruments by 1.0% in the third quarter. Vanguard Group Inc. now owns 96,445,978 shares of the semiconductor company’s stock valued at $17,720,020,000 after purchasing an additional 998,658 shares during the period. State Street Corp boosted its position in shares of Texas Instruments by 0.5% during the third quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock worth $8,002,381,000 after buying an additional 230,098 shares during the period. Invesco Ltd. grew its stake in shares of Texas Instruments by 16.8% in the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock valued at $3,019,603,000 after buying an additional 2,366,695 shares in the last quarter. Norges Bank acquired a new stake in shares of Texas Instruments in the second quarter valued at $2,836,310,000. Finally, Alliancebernstein L.P. raised its holdings in shares of Texas Instruments by 2.7% in the 3rd quarter. Alliancebernstein L.P. now owns 11,557,813 shares of the semiconductor company’s stock valued at $2,123,517,000 after buying an additional 305,022 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $194.63 on Wednesday. The company has a quick ratio of 2.83, a current ratio of 4.35 and a debt-to-equity ratio of 0.83. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $231.32. The firm’s 50 day moving average is $206.37 and its two-hundred day moving average is $185.79. The firm has a market capitalization of $177.20 billion, a P/E ratio of 35.78, a P/E/G ratio of 1.71 and a beta of 1.01.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Investors of record on Friday, January 30th were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.68 dividend on an annualized basis and a yield of 2.9%. Texas Instruments’s payout ratio is 104.41%.
Insider Buying and Selling
In other news, VP Mark Gary sold 12,921 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $230.10, for a total value of $2,973,122.10. Following the completion of the sale, the vice president directly owned 45,547 shares of the company’s stock, valued at approximately $10,480,364.70. The trade was a 22.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Blinn sold 3,144 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $221.58, for a total value of $696,647.52. Following the completion of the sale, the director directly owned 11,670 shares of the company’s stock, valued at approximately $2,585,838.60. This trade represents a 21.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 114,284 shares of company stock valued at $25,531,935 over the last ninety days. Company insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on TXN shares. Stifel Nicolaus raised their target price on Texas Instruments from $200.00 to $215.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Sanford C. Bernstein reiterated a “market perform” rating and set a $205.00 price target on shares of Texas Instruments in a research note on Wednesday, January 28th. Morgan Stanley reissued an “underweight” rating and set a $180.00 price target on shares of Texas Instruments in a research report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $156.00 to $175.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus target price of $214.77.
Check Out Our Latest Stock Analysis on Texas Instruments
About Texas Instruments
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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