Royal Capital Wealth Management LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,130 shares of the semiconductor company’s stock, valued at approximately $635,000.
Other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Texas Instruments during the second quarter worth $24,607,313,000. Bank of New York Mellon Corp bought a new position in shares of Texas Instruments in the 2nd quarter valued at about $4,488,666,000. Norges Bank bought a new position in shares of Texas Instruments in the 4th quarter valued at about $2,516,628,000. Legal & General Group Plc acquired a new position in shares of Texas Instruments during the 2nd quarter worth about $1,918,277,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Texas Instruments during the 2nd quarter worth about $1,205,585,000. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Price Performance
TXN stock opened at $258.94 on Tuesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The company’s 50-day moving average is $289.42 and its 200-day moving average is $259.23. The stock has a market capitalization of $236.48 billion, a PE ratio of 39.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Dividend Announcement
The business also recently disclosed 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is currently 86.45%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on TXN shares. KeyCorp raised their target price on shares of Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Arete Research set a $405.00 price objective on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, July 29th. Mizuho boosted their target price on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Morgan Stanley lifted their price target on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Two investment 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 company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Check Out Our Latest Report 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.
Read More
- Five stocks we like better than Texas Instruments
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
