Odyssean LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,150 shares of the semiconductor company’s stock, valued at approximately $939,000.
Other hedge funds have also bought and sold shares of the company. Strategic Wealth Investment Group LLC bought a new position in shares of Texas Instruments in the 2nd quarter worth about $25,000. Advocate Investing Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Ares Financial Consulting LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $26,000. Cornerstone Financial Management LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. Finally, Portus Wealth Advisors LLC acquired a new stake in Texas Instruments during the first quarter worth approximately $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ TXN opened at $261.77 on Thursday. The stock has a market cap of $239.06 billion, a price-to-earnings ratio of 39.84, a PEG ratio of 1.02 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The firm’s 50-day simple moving average is $287.71 and its 200 day simple moving average is $259.75.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
TXN has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Jefferies Financial Group upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Mizuho raised their price objective on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Check Out Our Latest Analysis 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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