Birmingham Capital Management Co. Inc. AL purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,445 shares of the semiconductor company’s stock, valued at approximately $1,623,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd raised its holdings in Texas Instruments by 10.1% in the fourth 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 in the last quarter. Contravisory Investment Management Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter valued at $1,493,000. K.J. Harrison & Partners Inc bought a new stake in shares of Texas Instruments during the 4th quarter valued at $1,735,000. Thrivent Financial for Lutherans grew its position in shares of Texas Instruments by 126.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after buying an additional 83,884 shares during the period. Finally, RNC Capital Management LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth about $2,751,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
TXN stock opened at $261.77 on Thursday. The stock’s 50 day simple moving average is $287.71 and its 200 day simple moving average is $259.75. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The stock has a market capitalization of $239.06 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on TXN shares. Evercore reissued an “outperform” rating and set a $330.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Citigroup restated a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Sanford C. Bernstein raised their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research note 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, UBS Group reissued a “buy” rating and issued a $380.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Check Out 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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