Man Group plc purchased 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 (SEC). The institutional investor purchased 360,694 shares of the semiconductor company’s stock, valued at approximately $107,512,000.
Several other institutional investors have also modified their holdings of TXN. Swiss Life Asset Management Ltd increased its holdings in shares of Texas Instruments by 10.1% in the 4th quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after acquiring an additional 50,808 shares during the period. Contravisory Investment Management Inc. acquired a new position in Texas Instruments in the second quarter valued at $1,493,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Texas Instruments in the fourth quarter valued at about $1,735,000. Thrivent Financial for Lutherans boosted its stake in shares of Texas Instruments by 126.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after buying an additional 83,884 shares during the period. Finally, RNC Capital Management LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth about $2,751,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ:TXN opened at $260.05 on Wednesday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a 50-day moving average price of $288.51 and a 200 day moving average price of $259.49. The company has a market cap of $237.49 billion, a P/E ratio of 39.58, a PEG ratio of 1.02 and a beta of 1.33. 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 Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors 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 dividend payout ratio is currently 86.45%.
Analysts Set New Price Targets
Several analysts have commented on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Texas Instruments in a research note on Monday, August 17th. Weiss Ratings upgraded Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Jefferies Financial Group upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Mizuho increased their price target on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, Robert W. Baird boosted their price objective on shares of Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” 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 issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, Texas Instruments currently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
View Our Latest Stock 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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