Texas Instruments Incorporated $TXN Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. trimmed its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.1% during the third quarter, Holdings Channel.com reports. The firm owned 319,957 shares of the semiconductor company’s stock after selling 17,040 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $58,761,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Texas Instruments during the 2nd quarter worth about $2,836,310,000. Soundwatch Capital LLC lifted its stake in Texas Instruments by 174,339.6% during the second quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock worth $617,503,000 after purchasing an additional 2,972,491 shares during the last quarter. Vanguard Group Inc. increased its stake in Texas Instruments by 1.5% in the second quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares during the last quarter. Corient Private Wealth LLC increased its stake in Texas Instruments by 94.9% in the second quarter. Corient Private Wealth LLC now owns 2,517,451 shares of the semiconductor company’s stock valued at $522,559,000 after purchasing an additional 1,225,524 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Texas Instruments by 2.6% during the 2nd quarter. State Street Corp now owns 43,325,014 shares of the semiconductor company’s stock worth $8,995,139,000 after buying an additional 1,084,364 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TXN. UBS Group set a $245.00 price target on shares of Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, October 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Instruments in a report on Monday, December 29th. Rosenblatt Securities decreased their target price on Texas Instruments from $245.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Barclays reaffirmed an “underweight” rating and set a $140.00 price target on shares of Texas Instruments in a research report on Thursday, January 15th. Finally, Bank of America downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $208.00 to $190.00 in a report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and six have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $195.12.

Insider Activity at Texas Instruments

In other news, Director Ronald Kirk sold 9,990 shares of the stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the transaction, the director owned 14,937 shares in the company, valued at $2,424,723.21. This trade represents a 40.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $164.31, for a total transaction of $164,310.00. Following the sale, the vice president directly owned 20,821 shares in the company, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. 0.57% of the stock is owned by company insiders.

Texas Instruments Stock Performance

Shares of TXN opened at $193.31 on Friday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69. The stock has a market capitalization of $175.65 billion, a P/E ratio of 35.34, a P/E/G ratio of 3.10 and a beta of 1.00. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.90 and a current ratio of 4.45. The company’s fifty day moving average is $177.82 and its two-hundred day moving average is $183.08.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 21st. The semiconductor company reported $1.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.48. The business had revenue of $4.74 billion for the quarter, compared to analyst estimates of $4.65 billion. Texas Instruments had a net margin of 29.21% and a return on equity of 30.41%. The business’s revenue was up 14.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 10th. Stockholders of record on Friday, January 30th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, January 30th. Texas Instruments’s dividend payout ratio is 103.84%.

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.