Intact Investment Management Inc. Raises Stake in Texas Instruments Incorporated $TXN

Intact Investment Management Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 17.9% in the 3rd quarter, Holdings Channel reports. The firm owned 68,500 shares of the semiconductor company’s stock after acquiring an additional 10,400 shares during the quarter. Intact Investment Management Inc.’s holdings in Texas Instruments were worth $12,586,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TXN. Shelton Capital Management boosted its position in shares of Texas Instruments by 2.6% during the 2nd quarter. Shelton Capital Management now owns 151,568 shares of the semiconductor company’s stock valued at $31,469,000 after acquiring an additional 3,840 shares during the last quarter. Jennison Associates LLC raised its stake in Texas Instruments by 35.1% in the second quarter. Jennison Associates LLC now owns 2,992,090 shares of the semiconductor company’s stock valued at $621,218,000 after purchasing an additional 777,619 shares in the last quarter. Howard Capital Management Inc. raised its stake in Texas Instruments by 11.3% in the second quarter. Howard Capital Management Inc. now owns 26,745 shares of the semiconductor company’s stock valued at $5,553,000 after purchasing an additional 2,709 shares in the last quarter. Invesco Ltd. lifted its position in Texas Instruments by 3.3% during the second quarter. Invesco Ltd. now owns 14,068,306 shares of the semiconductor company’s stock valued at $2,920,862,000 after purchasing an additional 443,738 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Texas Instruments by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 95,447,320 shares of the semiconductor company’s stock worth $19,816,773,000 after buying an additional 1,426,360 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on TXN shares. TD Cowen reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, October 22nd. Mizuho set a $145.00 price target on Texas Instruments in a research report on Wednesday, October 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of Texas Instruments in a report on Tuesday, December 16th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Thursday, January 15th. Finally, Susquehanna boosted their target price on Texas Instruments from $200.00 to $225.00 and gave the stock a “positive” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $195.12.

Insiders Place Their Bets

In other Texas Instruments news, Director Ronald Kirk sold 9,990 shares of the stock in a transaction on 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 owned 14,937 shares of the company’s stock, valued at $2,424,723.21. This represents a 40.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Christine Witzsche sold 1,000 shares of the business’s stock in a transaction dated 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 $3,421,098.51. The trade was a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.

Texas Instruments Price Performance

TXN opened at $193.31 on Monday. The company has a debt-to-equity ratio of 0.81, a current ratio of 4.45 and a quick ratio of 2.90. The stock’s 50 day simple moving average is $177.82 and its 200 day simple moving average is $182.61. The firm has a market cap of $175.65 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 3.04 and a beta of 1.00. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $221.69.

Texas Instruments Dividend Announcement

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

Texas Instruments Company Profile

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.