Texas Instruments Incorporated $TXN Shares Acquired by CIBC Asset Management Inc

CIBC Asset Management Inc increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 391,753 shares of the semiconductor company’s stock after purchasing an additional 8,981 shares during the period. CIBC Asset Management Inc’s holdings in Texas Instruments were worth $71,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Norges Bank acquired a new position in shares of Texas Instruments during the 2nd quarter worth about $2,836,310,000. Soundwatch Capital LLC lifted its stake in Texas Instruments by 174,339.6% during the second quarter. Soundwatch Capital LLC now owns 2,974,196 shares of the semiconductor company’s stock worth $617,503,000 after purchasing an additional 2,972,491 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Texas Instruments by 1.5% in the second quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock valued at $19,816,773,000 after purchasing an additional 1,426,360 shares in the last quarter. Corient Private Wealth LLC increased its stake in Texas Instruments by 94.9% in the second quarter. Corient Private Wealth LLC now owns 2,517,451 shares of the semiconductor company’s stock valued at $522,559,000 after purchasing an additional 1,225,524 shares during the last quarter. Finally, State Street Corp raised its holdings in Texas Instruments by 2.6% during the second 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. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, VP Christine Witzsche sold 1,000 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president owned 20,821 shares in the company, valued at approximately $3,421,098.51. This represents a 4.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ronald Kirk sold 9,990 shares of Texas Instruments stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the completion of the sale, the director directly owned 14,937 shares in the company, valued at approximately $2,424,723.21. The trade was a 40.08% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TXN. Benchmark restated a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. TD Cowen restated a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 22nd. The Goldman Sachs Group lowered Texas Instruments from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $200.00 to $156.00 in a report on Monday, December 15th. JPMorgan Chase & Co. cut their target price on Texas Instruments from $225.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 22nd. Finally, Bank of America cut Texas Instruments from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $208.00 to $190.00 in a research report on Monday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and six have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $195.12.

Texas Instruments Stock Down 0.9%

Texas Instruments stock opened at $193.31 on Friday. The stock has a 50 day moving average of $177.82 and a two-hundred day moving average of $182.84. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The stock has a market capitalization of $175.65 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 3.07 and a beta of 1.00. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81.

Texas Instruments Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 10th. Investors of record on Friday, January 30th will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 103.84%.

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.