Westpac Banking Corp reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 57.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,939 shares of the semiconductor company’s stock after selling 6,700 shares during the period. Westpac Banking Corp’s holdings in Texas Instruments were worth $907,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in TXN. Vanguard Group Inc. lifted its holdings in shares of Texas Instruments by 1.0% in the third quarter. Vanguard Group Inc. now owns 96,445,978 shares of the semiconductor company’s stock worth $17,720,020,000 after acquiring an additional 998,658 shares during the last quarter. State Street Corp boosted 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 purchasing an additional 1,084,364 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Texas Instruments by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,224,770 shares of the semiconductor company’s stock worth $4,595,478,000 after acquiring an additional 279,755 shares during the last quarter. Invesco Ltd. grew its stake in shares of Texas Instruments by 3.3% in the 2nd quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock worth $2,920,862,000 after acquiring an additional 443,738 shares in the last quarter. Finally, Norges Bank bought a new stake in Texas Instruments during the second quarter worth $2,836,310,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Down 0.6%
NASDAQ:TXN opened at $212.63 on Friday. The company’s 50-day simple moving average is $200.78 and its 200-day simple moving average is $186.15. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.83 and a current ratio of 4.35. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $231.32. The stock has a market capitalization of $192.97 billion, a P/E ratio of 39.09, a P/E/G ratio of 1.92 and a beta of 1.01.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th were issued 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 2.7%. Texas Instruments’s payout ratio is presently 104.41%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on TXN shares. Weiss Ratings reissued a “hold (c)” rating on shares of Texas Instruments in a report on Monday, December 29th. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Thursday, January 15th. Wells Fargo & Company increased their price objective on shares of Texas Instruments from $185.00 to $215.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 28th. Morgan Stanley reiterated an “underweight” rating and set a $180.00 target price on shares of Texas Instruments in a research report on Wednesday, January 28th. Finally, JPMorgan Chase & Co. upped their target price on shares of Texas Instruments from $210.00 to $227.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average target price of $214.77.
Read Our Latest Stock Report on TXN
Insider Activity at Texas Instruments
In other Texas Instruments news, VP Mark Gary sold 12,921 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $230.10, for a total transaction of $2,973,122.10. Following the completion of the transaction, the vice president directly owned 45,547 shares in the company, valued at approximately $10,480,364.70. This represents a 22.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Blinn sold 3,144 shares of Texas Instruments stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $221.58, for a total value of $696,647.52. Following the completion of the sale, the director owned 11,670 shares in the company, valued at approximately $2,585,838.60. The trade was a 21.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 114,284 shares of company stock valued at $25,531,935 in the last quarter. 0.57% of the stock is currently owned by 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.
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