Pin Oak Investment Advisors Inc. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,301 shares of the semiconductor company’s stock, valued at approximately $1,878,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TXN. BlackRock Inc. acquired a new position in shares of Texas Instruments during the second quarter worth approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new stake in Texas Instruments in the 2nd quarter valued at approximately $4,488,666,000. Norges Bank acquired a new stake in Texas Instruments in the 4th quarter valued at approximately $2,516,628,000. Bank of America Corp DE bought a new stake in Texas Instruments during the 2nd quarter valued at $3,700,842,000. Finally, Primecap Management Co. CA bought a new stake in Texas Instruments during the 2nd quarter valued at $2,538,063,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
Shares of TXN opened at $258.64 on Friday. The firm’s 50 day moving average is $285.30 and its 200-day moving average is $260.06. The stock has a market capitalization of $236.20 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.05 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date of this dividend 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 86.45%.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on TXN. JPMorgan Chase & Co. raised their price target on Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Wells Fargo & Company upped their price objective on shares of Texas Instruments from $300.00 to $310.00 and gave the stock an “equal weight” rating in a report on Thursday, July 23rd. HC Wainwright lowered shares of Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. Sanford C. Bernstein raised their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Finally, Benchmark boosted their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $312.12.
Check Out Our Latest Stock Analysis on TXN
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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