Johnson Financial Group Inc. bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, Holdings Channel reports. The fund bought 12,195 shares of the semiconductor company’s stock, valued at approximately $3,635,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in shares of Texas Instruments during the 4th quarter valued at $25,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments in the second quarter worth $25,000. Advocate Investing Services LLC bought a new stake in Texas Instruments during the fourth quarter valued at $25,000. Ares Financial Consulting LLC bought a new stake in Texas Instruments during the fourth quarter valued at $26,000. Finally, Cornerstone Financial Management LLC purchased a new position in Texas Instruments during the fourth quarter worth about $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
Shares of TXN stock opened at $267.45 on Thursday. The company has a market capitalization of $244.25 billion, a P/E ratio of 40.71, a PEG ratio of 1.07 and a beta of 1.33. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The stock has a 50 day moving average price of $291.88 and a two-hundred day moving average price of $258.36.
Texas Instruments Dividend Announcement
The company also recently disclosed 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 dividend yield of 2.1%. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. Cantor Fitzgerald reiterated a “neutral” rating and set a $340.00 price target on shares of Texas Instruments in a research report on Monday. Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. HC Wainwright downgraded shares of Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Evercore reiterated an “outperform” rating and issued a $330.00 target price on shares of Texas Instruments in a research report on Thursday, July 23rd. Finally, Truist Financial raised their price target on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Research Report 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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