Nippon Life Global Investors Americas Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,030 shares of the semiconductor company’s stock, valued at approximately $1,499,000.
Several other hedge funds have also recently made changes to their positions in TXN. Strategic Wealth Investment Group LLC purchased a new stake in Texas Instruments in the second quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new position in shares of Texas Instruments during the 1st quarter valued at $27,000. High Point Wealth Management LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Advocate Investing Services LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Finally, Scarborough Advisors LLC bought a new stake in shares of Texas Instruments in the first quarter worth $29,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
NASDAQ TXN opened at $279.58 on Monday. The company has a current ratio of 4.86, a quick ratio of 3.44 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. The stock has a market cap of $255.33 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.10 and a beta of 1.33. The company’s 50 day moving average is $292.66 and its two-hundred day moving average is $257.02.
Texas Instruments Dividend Announcement
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 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 dividend yield of 2.0%. Texas Instruments’s payout ratio is 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of research reports. Susquehanna upped their price objective on Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Rosenblatt Securities upped their price target on shares of Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Sanford C. Bernstein increased their price objective on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group raised their price objective on shares of Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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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