Principal Financial Group Inc. boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,102,034 shares of the semiconductor company’s stock after purchasing an additional 15,259 shares during the period. Principal Financial Group Inc.’s holdings in Texas Instruments were worth $213,949,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Strategic Wealth Investment Group LLC bought a new position in shares of Texas Instruments during the second quarter valued at approximately $25,000. High Point Wealth Management LLC bought a new stake in Texas Instruments in the fourth quarter valued at $25,000. Advocate Investing Services LLC bought a new stake in Texas Instruments in the fourth quarter valued at $25,000. Ares Financial Consulting LLC purchased a new position in Texas Instruments during the 4th quarter valued at $26,000. Finally, Quattro Advisors LLC purchased a new position in Texas Instruments during the 4th quarter valued at $27,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ TXN opened at $305.55 on Wednesday. The company has a 50 day simple moving average of $302.31 and a two-hundred day simple moving average of $241.50. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a market capitalization of $278.08 billion, a price-to-earnings ratio of 52.32, a P/E/G ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s payout ratio is 97.26%.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on TXN. Bank of America raised their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $227.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Sanford C. Bernstein initiated coverage on shares of Texas Instruments in a report on Friday, May 22nd. They issued a “market perform” rating for the company. UBS Group lifted their price objective on Texas Instruments from $295.00 to $350.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Citigroup reiterated a “buy” rating on shares of Texas Instruments in a report on Tuesday. Thirteen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $281.84.
Check Out Our Latest Report on TXN
Insider Transactions at Texas Instruments
In other news, VP Shanon J. Leonard sold 4,963 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of $295.22, for a total value of $1,465,176.86. Following the sale, the vice president directly owned 24,867 shares of the company’s stock, valued at approximately $7,341,235.74. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Ahmad Bahai sold 5,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. Following the transaction, the vice president owned 42,519 shares of the company’s stock, valued at $13,143,898.47. The trade was a 10.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 303,475 shares of company stock valued at $85,666,638. 0.60% of the stock is currently owned by corporate insiders.
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.
See Also
- Five stocks we like better than Texas Instruments
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
