German American Bancorp Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor bought 3,493 shares of the semiconductor company’s stock, valued at approximately $1,041,000.
Several other hedge funds also recently modified their holdings of TXN. Strategic Wealth Investment Group LLC bought a new stake in shares of Texas Instruments during the second quarter worth approximately $25,000. Portus Wealth Advisors LLC acquired a new position in Texas Instruments in the first quarter valued at approximately $27,000. High Point Wealth Management LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Advocate Investing Services LLC bought a new position in Texas Instruments in the fourth quarter valued at approximately $25,000. Finally, Scarborough Advisors LLC acquired a new stake in Texas Instruments during the 1st quarter worth $29,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of TXN stock opened at $279.58 on Monday. The firm has a fifty day moving average of $292.66 and a 200-day moving average of $257.02. 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 12-month low of $152.73 and a 12-month high of $334.03. The company has a market capitalization of $255.33 billion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 1.10 and a beta of 1.33.
Texas Instruments Dividend Announcement
The company also recently declared 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 of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Analyst Ratings Changes
Several analysts have commented on the stock. Bank of America upped their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Arete Research set a $405.00 price target on Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, July 29th. HC Wainwright cut Texas Instruments to a “neutral” rating in a research note on Friday, May 22nd. Robert W. Baird upped their price objective on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Finally, Sanford C. Bernstein increased their target price on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Analysis on TXN
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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