M&G PLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 36.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,235 shares of the semiconductor company’s stock after selling 12,624 shares during the quarter. M&G PLC’s holdings in Texas Instruments were worth $4,091,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the stock. Shelton Capital Management boosted its position in shares of Texas Instruments by 2.6% during the 2nd quarter. Shelton Capital Management now owns 151,568 shares of the semiconductor company’s stock valued at $31,469,000 after acquiring an additional 3,840 shares during the last quarter. Jennison Associates LLC increased its position in shares of Texas Instruments by 35.1% in the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock worth $621,218,000 after purchasing an additional 777,619 shares during the last quarter. Howard Capital Management Inc. raised its stake in Texas Instruments by 11.3% in the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock valued at $5,553,000 after purchasing an additional 2,709 shares in the last quarter. Invesco Ltd. lifted its position in Texas Instruments by 3.3% during the second quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock valued at $2,920,862,000 after purchasing an additional 443,738 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after buying an additional 1,426,360 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Down 0.2%
Shares of TXN stock opened at $225.69 on Wednesday. The business has a 50-day moving average of $195.34 and a 200 day moving average of $184.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.35 and a quick ratio of 2.83. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $231.32. The stock has a market capitalization of $204.82 billion, a PE ratio of 41.49, a P/E/G ratio of 2.04 and a beta of 1.01.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Friday, January 30th were given a dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $5.68 annualized dividend and a yield of 2.5%. Texas Instruments’s dividend payout ratio is presently 104.41%.
Insider Buying and Selling at Texas Instruments
In other news, Director Mark A. Blinn sold 3,144 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $221.58, for a total transaction of $696,647.52. Following the completion of the transaction, the director directly owned 11,670 shares of the company’s stock, valued at approximately $2,585,838.60. This represents a 21.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Gary sold 12,921 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $230.10, for a total value of $2,973,122.10. Following the transaction, the vice president owned 45,547 shares in the company, valued at approximately $10,480,364.70. This represents a 22.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 117,431 shares of company stock worth $25,607,436 over the last ninety days. 0.57% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
TXN has been the topic of several research reports. Stifel Nicolaus raised their price objective on shares of Texas Instruments from $200.00 to $215.00 and gave the company a “hold” rating in a research report on Wednesday, January 28th. TD Cowen raised their price target on Texas Instruments from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Cantor Fitzgerald upped their price objective on Texas Instruments from $190.00 to $225.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on Texas Instruments from $156.00 to $175.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. Finally, DZ Bank raised Texas Instruments to a “strong sell” rating in a research note on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $212.92.
View Our Latest Stock Report on Texas Instruments
Texas Instruments 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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