Focus Partners Advisor Solutions LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 23,836 shares of the semiconductor company’s stock, valued at approximately $7,105,000.
Other institutional investors also recently modified their holdings of the company. Strategic Wealth Investment Group LLC acquired a new stake in Texas Instruments during the 2nd quarter valued at $25,000. High Point Wealth Management LLC acquired a new position in Texas Instruments in the fourth quarter worth $25,000. Advocate Investing Services LLC acquired a new position in Texas Instruments in the fourth quarter worth $25,000. Ares Financial Consulting LLC bought a new stake in shares of Texas Instruments during the fourth quarter worth $26,000. Finally, Quattro Advisors LLC acquired a new stake in shares of Texas Instruments in the fourth quarter valued at $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Up 2.2%
TXN stock opened at $279.58 on Friday. The company has a market cap of $255.33 billion, a P/E ratio of 42.55, a PEG ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The business has a fifty day moving average of $292.66 and a 200-day moving average of $256.59.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. Texas Instruments’s dividend payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on TXN. Weiss Ratings raised Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Wolfe Research restated an “outperform” rating and issued a $315.00 price objective on shares of Texas Instruments in a research report on Thursday, April 23rd. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Evercore reiterated an “outperform” rating and set a $330.00 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 issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $312.12.
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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