Louisiana State Employees Retirement System purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 105,900 shares of the semiconductor company’s stock, valued at approximately $20,559,000.
Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Texas Instruments in the 4th quarter valued at $2,516,628,000. Amundi grew its position in Texas Instruments by 61.0% during the third quarter. Amundi now owns 9,445,243 shares of the semiconductor company’s stock valued at $1,717,240,000 after buying an additional 3,580,147 shares during the period. Van ECK Associates Corp grew its position in Texas Instruments by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 11,608,265 shares of the semiconductor company’s stock valued at $2,013,918,000 after buying an additional 2,474,062 shares during the period. Invesco Ltd. increased its holdings in Texas Instruments by 16.8% in the third quarter. Invesco Ltd. now owns 16,435,001 shares of the semiconductor company’s stock valued at $3,019,603,000 after buying an additional 2,366,695 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Texas Instruments by 22.4% in the fourth quarter. Bank of New York Mellon Corp now owns 12,273,233 shares of the semiconductor company’s stock worth $2,129,283,000 after acquiring an additional 2,250,174 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Price Performance
Shares of Texas Instruments stock opened at $311.81 on Friday. The stock has a market capitalization of $283.78 billion, a P/E ratio of 53.39, a PEG ratio of 1.52 and a beta of 1.32. The business has a 50 day simple moving average of $290.74 and a two-hundred day simple moving average of $230.53. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.46 and a quick ratio of 2.94.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Tuesday, May 5th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, May 5th. Texas Instruments’s payout ratio is 97.26%.
Analyst Upgrades and Downgrades
TXN has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Texas Instruments from $175.00 to $200.00 and gave the stock a “sell” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. increased their price target on Texas Instruments from $227.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial raised their price objective on Texas Instruments from $225.00 to $278.00 and gave the company a “hold” rating in a report on Thursday, April 23rd. HC Wainwright cut Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Finally, Benchmark upped their target price on Texas Instruments from $250.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $273.04.
Check Out Our Latest Stock Analysis on TXN
Insider Activity at Texas Instruments
In other news, VP Ahmad Bahai sold 5,000 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $309.13, for a total transaction of $1,545,650.00. Following the completion of the sale, the vice president owned 42,519 shares of the company’s stock, valued at $13,143,898.47. This represents a 10.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Rafael R. Lizardi sold 47,734 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $308.10, for a total transaction of $14,706,845.40. Following the completion of the sale, the chief financial officer owned 85,485 shares of the company’s stock, valued at $26,337,928.50. This trade represents a 35.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 303,475 shares of company stock worth $85,666,638 over the last 90 days. Corporate insiders own 0.60% of the company’s stock.
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.
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