Occidental Asset Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, HoldingsChannel reports. The fund purchased 2,696 shares of the semiconductor company’s stock, valued at approximately $804,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments during the second quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the first quarter valued at about $27,000. High Point Wealth Management LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Finally, Scarborough Advisors LLC bought a new position in Texas Instruments during the first quarter valued at about $29,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Price Performance
NASDAQ:TXN opened at $282.91 on Tuesday. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The firm has a market cap of $258.37 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company’s 50-day moving average price is $292.50 and its two-hundred day moving average price is $257.62.
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 2.0%. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on TXN. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 14th. UBS Group restated a “buy” rating and set a $380.00 price objective on shares of Texas Instruments in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD Cowen decreased their target price on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $312.12.
Check Out Our Latest Report on Texas Instruments
Texas Instruments 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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