Global Retirement Partners LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,539 shares of the semiconductor company’s stock, valued at approximately $7,911,000.
Other large investors also recently made changes to their positions in the company. 1ST Source Bank purchased a new position in Texas Instruments during the second quarter worth about $647,000. Wilkinson Global Asset Management LLC purchased a new stake in Texas Instruments in the 2nd quarter valued at about $61,104,000. SCS Capital Management LLC bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $436,000. CORDA Investment Management LLC. bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $1,423,000. Finally, Sound Portfolio Advisors LLC purchased a new position in shares of Texas Instruments in the 2nd quarter worth approximately $238,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $279.58 on Monday. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $255.33 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The firm’s 50 day moving average is $292.66 and its 200 day moving average is $257.02. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is currently 86.45%.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on TXN. JPMorgan Chase & Co. upped their target price on Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Robert W. Baird boosted their price objective on Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Mizuho upped their price objective on Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. Evercore reaffirmed an “outperform” rating and set a $330.00 target price on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, Susquehanna lifted their target price on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a research note on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View 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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