TD Waterhouse Canada Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 14.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,151 shares of the semiconductor company’s stock after buying an additional 23,825 shares during the period. TD Waterhouse Canada Inc.’s holdings in Texas Instruments were worth $55,902,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments during the 2nd quarter worth approximately $25,000. Advocate Investing Services LLC bought a new stake in Texas Instruments in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $27,000. Portus Wealth Advisors LLC bought a new position in shares of Texas Instruments during the 1st quarter worth about $27,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at about $27,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of TXN stock opened at $253.83 on Friday. The stock has a 50-day moving average of $280.72 and a 200-day moving average of $261.24. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The stock has a market cap of $231.81 billion, a PE ratio of 38.63, a price-to-earnings-growth ratio of 1.43 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were issued a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s payout ratio is currently 86.45%.
Insider Activity at Texas Instruments
In other news, VP Tsedeniya Abraham sold 7,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the sale, the vice president owned 23,181 shares of the company’s stock, valued at $6,134,388.03. This trade represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on TXN shares. Cantor Fitzgerald reissued a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a research report on Monday, August 17th. Sanford C. Bernstein increased their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Arete Research set a $405.00 price objective on Texas Instruments and gave the company a “buy” rating in a research report on Wednesday, July 29th. HC Wainwright downgraded shares of Texas Instruments to a “neutral” rating in a research note on Friday, May 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $312.12.
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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