Acadian Asset Management LLC boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 395.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,555 shares of the semiconductor company’s stock after purchasing an additional 7,625 shares during the quarter. Acadian Asset Management LLC’s holdings in Texas Instruments were worth $1,716,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Cloud Capital Management LLC bought a new stake in Texas Instruments in the first quarter valued at about $28,000. Copia Wealth Management bought a new stake in shares of Texas Instruments in the fourth quarter worth about $30,000. Dagco Inc. bought a new stake in shares of Texas Instruments in the first quarter worth about $32,000. Quintet Private Bank Europe S.A. bought a new stake in shares of Texas Instruments in the first quarter worth about $34,000. Finally, Park Square Financial Group LLC bought a new stake in shares of Texas Instruments in the fourth quarter worth about $41,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $177.63 on Wednesday. The stock has a fifty day moving average price of $196.44 and a 200-day moving average price of $186.10. The company has a market cap of $161.49 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 2.91 and a beta of 1.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.88 and a current ratio of 5.81. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 3.1%. Texas Instruments’s payout ratio is 99.63%.
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 1,500 shares of the business’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $205.35, for a total transaction of $308,025.00. Following the completion of the transaction, the vice president owned 38,883 shares of the company’s stock, valued at approximately $7,984,624.05. The trade was a 3.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have issued reports on TXN. The Goldman Sachs Group began coverage on Texas Instruments in a report on Thursday, July 10th. They issued a “buy” rating and a $255.00 price target for the company. Seaport Res Ptn upgraded Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Monday, July 21st. Stifel Nicolaus increased their price objective on Texas Instruments from $160.00 to $192.00 and gave the stock a “hold” rating in a report on Friday, July 18th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 22nd. Finally, DZ Bank reiterated a “sell” rating and set a $158.00 price objective on shares of Texas Instruments in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, thirteen have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $213.82.
Read Our Latest Stock Report on TXN
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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