SGL Investment Advisors Inc. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,035 shares of the semiconductor company’s stock, valued at approximately $5,619,000. Texas Instruments makes up approximately 1.9% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 18th largest position.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Strategic Wealth Investment Group LLC acquired a new position in Texas Instruments during the second quarter valued at $25,000. Addison Advisors LLC acquired a new stake in Texas Instruments during the 2nd quarter worth about $38,000. Portus Wealth Advisors LLC purchased a new position in Texas Instruments during the 1st quarter valued at about $27,000. High Point Wealth Management LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $25,000. Finally, Advocate Investing Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of TXN opened at $265.60 on Friday. The firm has a market cap of $242.56 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33. The company’s fifty day moving average is $291.25 and its 200-day moving average is $258.71. The company has a quick ratio of 3.44, a current ratio of 4.86 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.
Texas Instruments Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were issued a dividend of $1.42 per share. 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 2.1%. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analysts Set New Price Targets
Several research firms recently commented on TXN. Cantor Fitzgerald restated a “neutral” rating and set a $340.00 price target on shares of Texas Instruments in a report on Monday. JPMorgan Chase & Co. lifted their target price 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. Stifel Nicolaus upped their price target on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Finally, Mizuho lifted their price objective on Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Get Our Latest Stock Analysis on TXN
About Texas Instruments
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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