Simplicity Wealth LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,760 shares of the semiconductor company’s stock, valued at approximately $2,313,000.
Several other institutional investors have also modified their holdings of TXN. Swiss Life Asset Management Ltd boosted its stake in Texas Instruments by 10.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock worth $96,321,000 after purchasing an additional 50,808 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Texas Instruments during the 4th quarter valued at about $640,000. Contravisory Investment Management Inc. purchased a new stake in Texas Instruments during the 2nd quarter valued at about $1,493,000. K.J. Harrison & Partners Inc acquired a new stake in Texas Instruments in the 4th quarter valued at about $1,735,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Texas Instruments by 126.0% during the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after purchasing an additional 83,884 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $279.58 on Monday. The stock’s fifty day moving average is $292.66 and its two-hundred day moving average is $257.02. The stock has a market cap of $255.33 billion, a PE ratio of 42.55, a P/E/G ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio is 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the topic of a number of analyst reports. Evercore reiterated an “outperform” rating and set a $330.00 price objective on shares of Texas Instruments in a research report on Thursday, July 23rd. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. TD Cowen cut their price objective on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Two 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.12.
Read Our Latest Research 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.
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