Legal & General Group Plc lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,831,270 shares of the semiconductor company's stock after buying an additional 64,067 shares during the period. Legal & General Group Plc owned about 0.86% of Texas Instruments worth $1,523,415,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Texas Instruments by 0.6% during the first quarter. Vanguard Group Inc. now owns 90,572,576 shares of the semiconductor company's stock valued at $15,778,648,000 after purchasing an additional 536,206 shares during the last quarter. Capital Research Global Investors raised its stake in Texas Instruments by 4.7% in the first quarter. Capital Research Global Investors now owns 28,715,467 shares of the semiconductor company's stock valued at $5,002,522,000 after buying an additional 1,279,828 shares during the period. Van ECK Associates Corp raised its stake in Texas Instruments by 6.2% in the second quarter. Van ECK Associates Corp now owns 5,955,353 shares of the semiconductor company's stock valued at $1,158,495,000 after buying an additional 348,528 shares during the period. FIL Ltd lifted its position in Texas Instruments by 6.6% during the fourth quarter. FIL Ltd now owns 4,861,924 shares of the semiconductor company's stock worth $828,764,000 after acquiring an additional 301,735 shares during the last quarter. Finally, Fayez Sarofim & Co boosted its holdings in shares of Texas Instruments by 2.5% during the first quarter. Fayez Sarofim & Co now owns 4,271,960 shares of the semiconductor company's stock worth $744,218,000 after acquiring an additional 104,806 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on TXN shares. KeyCorp increased their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 24th. The Goldman Sachs Group raised their price target on shares of Texas Instruments from $157.00 to $176.00 and gave the stock a "sell" rating in a research report on Wednesday, July 24th. Barclays boosted their price objective on shares of Texas Instruments from $190.00 to $210.00 and gave the company an "equal weight" rating in a report on Wednesday, July 24th. Stifel Nicolaus raised their target price on shares of Texas Instruments from $172.00 to $200.00 and gave the stock a "hold" rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. boosted their price target on Texas Instruments from $195.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $204.67.
Check Out Our Latest Stock Analysis on TXN
Insiders Place Their Bets
In other news, VP Shanon J. Leonard sold 2,816 shares of Texas Instruments stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total transaction of $588,290.56. Following the sale, the vice president now directly owns 24,112 shares in the company, valued at approximately $5,037,237.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Texas Instruments news, VP Mohammad Yunus sold 3,778 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $208.90, for a total value of $789,224.20. Following the sale, the vice president now directly owns 28,894 shares in the company, valued at $6,035,956.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Shanon J. Leonard sold 2,816 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $208.91, for a total value of $588,290.56. Following the transaction, the vice president now owns 24,112 shares of the company's stock, valued at approximately $5,037,237.92. The disclosure for this sale can be found here. Insiders have sold 15,558 shares of company stock valued at $3,255,323 in the last three months. 0.68% of the stock is currently owned by insiders.
Texas Instruments Trading Up 0.6 %
Shares of TXN traded up $1.32 during mid-day trading on Friday, reaching $210.58. 1,017,642 shares of the company were exchanged, compared to its average volume of 5,514,431. The business has a 50 day simple moving average of $200.87 and a two-hundred day simple moving average of $190.77. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $214.66. The stock has a market capitalization of $192.27 billion, a PE ratio of 32.65, a PEG ratio of 4.46 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $3.82 billion. During the same period last year, the company posted $1.87 earnings per share. The business's quarterly revenue was down 15.6% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 5.11 earnings per share for the current fiscal year.
Texas Instruments Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 12th. Investors of record on Thursday, October 31st will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $5.44 annualized dividend and a yield of 2.58%. This is an increase from Texas Instruments's previous quarterly dividend of $1.30. Texas Instruments's dividend payout ratio is 81.12%.
About Texas Instruments
(
Free Report)
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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