National Pension Service raised its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 0.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,120,680 shares of the semiconductor company’s stock after acquiring an additional 19,158 shares during the period. National Pension Service’s holdings in Texas Instruments were worth $632,111,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. HBW Advisory Services LLC lifted its position in Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC increased its holdings in Texas Instruments by 2.9% during the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock worth $260,000 after purchasing an additional 38 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Texas Instruments by 0.6% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after purchasing an additional 38 shares during the period. Absher Wealth Management LLC lifted its holdings in shares of Texas Instruments by 1.0% in the first quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock valued at $820,000 after purchasing an additional 42 shares in the last quarter. Finally, Severin Investments LLC boosted its position in shares of Texas Instruments by 3.3% during the first quarter. Severin Investments LLC now owns 1,349 shares of the semiconductor company’s stock worth $262,000 after buying an additional 43 shares during the period. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $261.59 on Thursday. The firm has a market capitalization of $238.90 billion, a P/E ratio of 39.82, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $278.12 and its two-hundred day moving average price is $262.26. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Insider Buying and Selling
In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the transaction, the vice president owned 23,181 shares of the company’s stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on TXN shares. UBS Group reiterated a “buy” rating and set a $380.00 price objective on shares of Texas Instruments in a report on Thursday, July 23rd. Benchmark raised their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Morgan Stanley boosted their price objective on shares of Texas Instruments from $230.00 to $255.00 and gave the stock an “underweight” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Susquehanna lifted their price target on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research note on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Report on Texas Instruments
Texas Instruments Company Profile
Texas Instruments Incorporated (NASDAQ:TXN) designs and manufactures semiconductors used in industrial, automotive, personal electronics, communications equipment and enterprise systems. The company’s portfolio is led by analog chips, which manage power, sensing and signal processing, and embedded processing products, including microcontrollers and processors that control electronic systems.
Texas Instruments also develops products such as data converters, amplifiers, interface and connectivity devices, motor drivers, power-management semiconductors and calculators.
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