Calamos Advisors LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 123.6% in the first quarter, HoldingsChannel reports. The institutional investor owned 252,076 shares of the semiconductor company’s stock after purchasing an additional 139,337 shares during the period. Calamos Advisors LLC’s holdings in Texas Instruments were worth $48,938,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of TXN. Swiss Life Asset Management Ltd lifted its position in Texas Instruments by 10.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock worth $96,321,000 after buying an additional 50,808 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Texas Instruments in the fourth quarter worth $640,000. K.J. Harrison & Partners Inc acquired a new stake in Texas Instruments in the 4th quarter valued at $1,735,000. RNC Capital Management LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at about $2,751,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Texas Instruments by 126.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock valued at $26,114,000 after purchasing an additional 83,884 shares during the period. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
NASDAQ TXN opened at $298.57 on Tuesday. The business’s fifty day moving average is $301.82 and its two-hundred day moving average is $240.59. The stock has a market capitalization of $271.73 billion, a P/E ratio of 51.13, a P/E/G ratio of 1.56 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.94 and a current ratio of 4.46. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 5th were issued a $1.42 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. Texas Instruments’s dividend payout ratio is presently 97.26%.
Analyst Upgrades and Downgrades
TXN has been the topic of a number of analyst reports. Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 24th. UBS Group raised their price target on shares of Texas Instruments from $295.00 to $350.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Wells Fargo & Company boosted their price objective on Texas Instruments from $260.00 to $300.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 9th. Weiss Ratings upgraded shares of Texas Instruments from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Robert W. Baird raised their price target on Texas Instruments from $225.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $279.24.
Get Our Latest Stock Report on TXN
Insider Activity
In other news, CEO Haviv Ilan sold 20,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $280.32, for a total transaction of $5,606,400.00. Following the transaction, the chief executive officer directly owned 204,339 shares in the company, valued at $57,280,308.48. The trade was a 8.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Ahmad Bahai sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $309.13, for a total value of $1,545,650.00. Following the completion of the transaction, the vice president owned 42,519 shares in the company, valued at $13,143,898.47. This trade represents a 10.52% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 303,475 shares of company stock worth $85,666,638. 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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