IFM Investors Pty Ltd Increases Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

IFM Investors Pty Ltd grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 21.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 146,891 shares of the semiconductor company’s stock after buying an additional 25,508 shares during the quarter. IFM Investors Pty Ltd’s holdings in Texas Instruments were worth $26,952,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Texas Instruments in the 4th quarter worth about $1,534,890,000. Renaissance Technologies LLC raised its position in Texas Instruments by 360.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,704,000 shares of the semiconductor company’s stock worth $321,153,000 after purchasing an additional 1,333,800 shares during the period. State Street Corp grew its stake in Texas Instruments by 2.9% in the 4th quarter. State Street Corp now owns 40,229,601 shares of the semiconductor company’s stock worth $7,582,073,000 after acquiring an additional 1,146,109 shares in the last quarter. Toronto Dominion Bank grew its stake in Texas Instruments by 88.9% in the 4th quarter. Toronto Dominion Bank now owns 2,017,301 shares of the semiconductor company’s stock worth $380,194,000 after acquiring an additional 949,615 shares in the last quarter. Finally, BlackRock Inc. grew its stake in Texas Instruments by 1.2% in the 4th quarter. BlackRock Inc. now owns 73,785,202 shares of the semiconductor company’s stock worth $13,906,299,000 after acquiring an additional 885,939 shares in the last quarter. 83.96% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Texas Instruments news, Director Robert E. Sanchez sold 12,299 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, Director Robert E. Sanchez sold 12,299 shares of the firm’s stock in a transaction on Friday, May 13th. The shares were sold at an average price of $169.40, for a total transaction of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at $3,252,649.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Hagop H. Kozanian sold 5,904 shares of Texas Instruments stock in a transaction on Friday, May 13th. The shares were sold at an average price of $170.23, for a total transaction of $1,005,037.92. Following the completion of the transaction, the vice president now directly owns 44,885 shares of the company’s stock, valued at approximately $7,640,773.55. The disclosure for this sale can be found here. Corporate insiders own 0.54% of the company’s stock.

Analyst Ratings Changes

TXN has been the topic of a number of research analyst reports. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $190.00 to $175.00 in a research note on Wednesday, June 29th. Benchmark initiated coverage on shares of Texas Instruments in a research note on Wednesday, June 29th. They issued a “buy” rating and a $205.00 target price on the stock. DZ Bank downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $150.00 target price on the stock. in a research note on Tuesday, July 5th. StockNews.com upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Texas Instruments from $160.00 to $165.00 and gave the company a “maintains” rating in a research note on Wednesday, July 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $182.43.

Texas Instruments Trading Up 1.8 %

NASDAQ TXN opened at $178.89 on Monday. The company has a fifty day simple moving average of $161.27 and a two-hundred day simple moving average of $169.60. The stock has a market cap of $164.96 billion, a P/E ratio of 20.47, a P/E/G ratio of 2.01 and a beta of 0.98. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $202.26. The company has a current ratio of 5.54, a quick ratio of 4.73 and a debt-to-equity ratio of 0.52.

Texas Instruments Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Monday, August 1st will be issued a $1.15 dividend. The ex-dividend date of this dividend is Friday, July 29th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.57%. Texas Instruments’s dividend payout ratio is currently 52.63%.

Texas Instruments Company Profile

(Get Rating)

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

Featured Articles

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:TXNGet Rating).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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.