North Star Asset Management Inc. bought a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 5,937 shares of the semiconductor company’s stock, valued at approximately $1,770,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Empowered Funds LLC acquired a new stake in Texas Instruments during the second quarter valued at approximately $42,423,000. United Capital Financial Advisors LLC acquired a new position in Texas Instruments in the second quarter worth approximately $14,323,000. Papamarkou Wellner Asset Management inc. bought a new position in shares of Texas Instruments in the second quarter valued at $859,000. Dearborn Partners LLC bought a new position in shares of Texas Instruments in the second quarter valued at $39,743,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of Texas Instruments during the 2nd quarter valued at $275,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Up 1.8%
TXN opened at $266.54 on Friday. The firm has a market cap of $243.42 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 1.03 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. The business has a 50 day moving average price of $286.58 and a 200 day moving average price of $260.07. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio is presently 86.45%.
Analysts Set New Price Targets
TXN has been the subject of several analyst reports. TD Cowen reduced their target price on Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. The Goldman Sachs Group lifted their price target on Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Finally, UBS Group reissued a “buy” rating and issued a $380.00 target price on shares of Texas Instruments in a research report 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 assigned a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
View 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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