Metropolis Capital Ltd boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 93.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 147,451 shares of the semiconductor company’s stock after acquiring an additional 71,203 shares during the quarter. Texas Instruments accounts for 3.8% of Metropolis Capital Ltd’s portfolio, making the stock its 9th biggest holding. Metropolis Capital Ltd’s holdings in Texas Instruments were worth $19,057,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of TXN. Advisory Services Network LLC boosted its stake in shares of Texas Instruments by 103.2% in the first quarter. Advisory Services Network LLC now owns 12,294 shares of the semiconductor company’s stock worth $1,304,000 after buying an additional 6,245 shares during the last quarter. Dowling & Yahnke LLC boosted its position in shares of Texas Instruments by 0.7% during the second quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock worth $7,135,000 after buying an additional 422 shares during the period. ARP Americas LP boosted its position in shares of Texas Instruments by 233.4% during the second quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock worth $2,524,000 after buying an additional 15,400 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Texas Instruments by 16.5% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,216 shares of the semiconductor company’s stock worth $373,000 after buying an additional 456 shares during the period. Finally, M Holdings Securities Inc. purchased a new position in shares of Texas Instruments during the first quarter worth $216,000. Institutional investors own 85.38% of the company’s stock.
Texas Instruments stock traded up $0.95 during midday trading on Friday, reaching $129.65. The company’s stock had a trading volume of 227,346 shares, compared to its average volume of 4,101,552. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $131.80. The company has a quick ratio of 2.22, a current ratio of 3.01 and a debt-to-equity ratio of 0.54. The company has a market cap of $120.05 billion, a P/E ratio of 23.92, a P/E/G ratio of 2.42 and a beta of 1.26. The business has a 50-day simple moving average of $125.57 and a 200-day simple moving average of $116.88.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Thursday, October 31st will be paid a $0.90 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.77. This represents a $3.60 dividend on an annualized basis and a yield of 2.78%. Texas Instruments’s dividend payout ratio (DPR) is currently 56.83%.
In other news, CFO Rafael R. Lizardi sold 76,523 shares of Texas Instruments stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $128.02, for a total transaction of $9,796,474.46. Following the sale, the chief financial officer now owns 94,648 shares in the company, valued at $12,116,836.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP R Gregory Delagi sold 150,000 shares of Texas Instruments stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $127.28, for a total value of $19,092,000.00. Following the sale, the vice president now owns 243,755 shares in the company, valued at approximately $31,025,136.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,251,117 shares of company stock worth $159,473,823. 0.89% of the stock is owned by insiders.
Several research firms have recently commented on TXN. Stifel Nicolaus lowered their price target on Texas Instruments from $122.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Barclays raised their price target on Texas Instruments from $105.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Charter Equity upgraded Texas Instruments from a “market perform” rating to a “buy” rating in a research report on Wednesday, July 24th. Bank of America upgraded Texas Instruments from a “neutral” rating to a “buy” rating and raised their price target for the stock from $145.00 to $150.00 in a research report on Friday, September 27th. Finally, Morgan Stanley raised their price target on Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. Texas Instruments presently has an average rating of “Hold” and an average target price of $119.75.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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