Royal Capital Wealth Management LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, Holdings Channel reports. The fund acquired 2,130 shares of the semiconductor company’s stock, valued at approximately $635,000.
Several other institutional investors have also recently made changes to their positions in TXN. High Point Wealth Management LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at about $25,000. Strategic Wealth Investment Group LLC bought a new stake in Texas Instruments in the 2nd quarter worth about $25,000. Advocate Investing Services LLC bought a new stake in Texas Instruments in the 4th quarter worth about $25,000. Ares Financial Consulting LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in Texas Instruments in the 4th quarter valued at about $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 2.1%
Texas Instruments stock opened at $258.94 on Tuesday. The firm has a 50 day moving average price of $289.42 and a 200-day moving average price of $259.23. 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 twelve month low of $152.73 and a twelve month high of $334.03. The company has a market capitalization of $236.48 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.04 and a beta of 1.33.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.2%. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Upgrades and Downgrades
TXN has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $330.00 target price on shares of Texas Instruments in a research note on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $380.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Arete Research set a $405.00 price target on Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, July 29th. Robert W. Baird boosted their price objective on Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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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