Jefferies Financial Group Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,698 shares of the semiconductor company’s stock, valued at approximately $3,487,000.
A number of other institutional investors have also recently made changes to their positions in the stock. Strategic Wealth Investment Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at $25,000. Advocate Investing Services LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Cornerstone Financial Management LLC bought a new position in Texas Instruments in the 4th quarter worth $27,000. Portus Wealth Advisors LLC purchased a new stake in Texas Instruments in the 1st quarter worth $27,000. Finally, Quattro Advisors LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $27,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of Texas Instruments stock opened at $258.64 on Friday. 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 stock’s fifty day moving average is $285.30 and its two-hundred day moving average is $260.06. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a market capitalization of $236.20 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. Texas Instruments’s payout ratio is presently 86.45%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on TXN. UBS Group restated a “buy” rating and set a $380.00 price objective on shares of Texas Instruments in a research report on Thursday, July 23rd. Stifel Nicolaus increased their price target on Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. HC Wainwright cut Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Jefferies Financial Group raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Finally, Bank of America increased their target price on Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Two 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 given a Sell rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Check Out Our Latest Stock Analysis 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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