Papamarkou Wellner Asset Management inc. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 4,425 shares of the semiconductor company’s stock, valued at approximately $859,000.
A number of other hedge funds have also bought and sold shares of the business. HBW Advisory Services LLC boosted its stake in Texas Instruments by 2.2% in the 1st quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock worth $336,000 after purchasing an additional 37 shares during the period. Montz Harcus Wealth Management LLC increased its holdings in shares of Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock worth $260,000 after buying an additional 38 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in Texas Instruments by 0.6% during the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after purchasing an additional 38 shares in the last quarter. Absher Wealth Management LLC lifted its holdings in shares of Texas Instruments by 1.0% in the 1st quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock worth $820,000 after acquiring an additional 42 shares during the last quarter. Finally, Severin Investments LLC boosted its stake in shares of Texas Instruments by 3.3% during the first quarter. Severin Investments LLC now owns 1,349 shares of the semiconductor company’s stock valued at $262,000 after purchasing an additional 43 shares during the period. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Up 1.8%
NASDAQ TXN opened at $266.54 on Friday. The firm’s 50 day moving average price is $286.58 and its two-hundred day moving average price is $260.07. 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 Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The stock has a market cap of $243.42 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 1.03 and a beta of 1.33.
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 given a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Wall Street Zen raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Truist Financial upped their target price on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. HC Wainwright cut Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a research note on Monday, August 17th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Check Out Our Latest Report on Texas Instruments
Texas Instruments 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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