HBK Sorce Advisory LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 4,486 shares of the semiconductor company’s stock, valued at approximately $1,246,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of Texas Instruments in the second quarter valued at approximately $4,488,666,000. Norges Bank purchased a new position in shares of Texas Instruments during the fourth quarter valued at approximately $2,516,628,000. Amundi grew its holdings in Texas Instruments by 61.0% during the third quarter. Amundi now owns 9,445,243 shares of the semiconductor company’s stock worth $1,717,240,000 after buying an additional 3,580,147 shares in the last quarter. Van ECK Associates Corp grew its holdings in Texas Instruments by 27.1% during the fourth quarter. Van ECK Associates Corp now owns 11,608,265 shares of the semiconductor company’s stock worth $2,013,918,000 after buying an additional 2,474,062 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Texas Instruments by 26.9% in the 4th quarter. Franklin Resources Inc. now owns 9,153,622 shares of the semiconductor company’s stock valued at $1,588,062,000 after buying an additional 1,938,788 shares during the last quarter. 84.99% of the stock is owned by institutional investors.
Texas Instruments Price Performance
Shares of NASDAQ:TXN opened at $279.58 on Monday. The company has a market capitalization of $255.33 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The business has a fifty day moving average price of $292.66 and a two-hundred day moving average price of $257.02. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on the company. Rosenblatt Securities raised their price objective on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Stifel Nicolaus upped their target price on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Morgan Stanley increased their target price on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Arete Research set a $405.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their price target on shares of Texas Instruments from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Get Our Latest Stock Report on Texas Instruments
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.
See Also
- Five stocks we like better than Texas Instruments
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
