Saudi Central Bank increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 90.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 63,733 shares of the semiconductor company’s stock after buying an additional 30,195 shares during the quarter. Saudi Central Bank’s holdings in Texas Instruments were worth $18,997,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $24,607,313,000. State Street Corp boosted its stake in Texas Instruments by 0.5% during the 3rd quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock worth $8,002,381,000 after purchasing an additional 230,098 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company’s stock worth $4,213,832,000 after purchasing an additional 1,517,420 shares during the period. Geode Capital Management LLC grew its position in Texas Instruments by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company’s stock worth $3,952,933,000 after purchasing an additional 248,515 shares during the last quarter. Finally, Invesco Ltd. grew its position in Texas Instruments by 10.6% during the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company’s stock worth $3,154,831,000 after purchasing an additional 1,749,513 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.8%
TXN stock opened at $258.44 on Friday. The stock has a market capitalization of $236.02 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.33. The company has a fifty day moving average of $280.18 and a 200-day moving average of $261.22. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s dividend payout ratio is presently 86.45%.
Insider Transactions at Texas Instruments
In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $264.63, for a total value of $1,852,410.00. Following the completion of the sale, the vice president owned 23,181 shares of the company’s stock, valued at approximately $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. TD Cowen reduced their target price on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $380.00 price target on shares of Texas Instruments in a report on Thursday, July 23rd. Robert W. Baird boosted their price target on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, HC Wainwright cut Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Stock Analysis on TXN
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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