49 Wealth Management LLC 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 disclosure with the SEC. The fund bought 4,964 shares of the semiconductor company’s stock, valued at approximately $1,480,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Kilter Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $31,000. Strategic Wealth Investment Group LLC bought a new position in shares of Texas Instruments in the second quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in shares of Texas Instruments in the second quarter valued at approximately $38,000. Caitlin John LLC acquired a new position in shares of Texas Instruments during the second quarter valued at approximately $41,000. Finally, Portus Wealth Advisors LLC acquired a new position in shares of Texas Instruments during the first quarter valued at approximately $27,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 3.0%
Texas Instruments stock opened at $258.64 on Friday. The firm’s 50 day moving average price is $285.30 and its two-hundred day moving average price is $260.06. The firm has a market cap of $236.20 billion, a PE ratio of 39.37, a P/E/G ratio of 1.05 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 debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86.
Texas Instruments Announces Dividend
The business 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. This represents a $5.68 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Analysts Set New Price Targets
TXN has been the subject of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Stifel Nicolaus upped their price objective on Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. TD Cowen lowered their target price on Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Evercore reiterated an “outperform” rating and issued a $330.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, The Goldman Sachs Group upped their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a report on Thursday, July 23rd. Two 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Get Our Latest Analysis on Texas Instruments
Texas Instruments Company 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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