Glenview Trust Co purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,539 shares of the semiconductor company’s stock, valued at approximately $1,949,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Kilter Group LLC acquired a new stake in shares of Texas Instruments in the second quarter worth $31,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments during the 2nd quarter valued at $25,000. Addison Advisors LLC purchased a new stake in Texas Instruments during the 2nd quarter worth $38,000. Caitlin John LLC acquired a new stake in Texas Instruments in the 2nd quarter valued at $41,000. Finally, Portus Wealth Advisors LLC acquired a new stake in Texas Instruments in the 1st quarter valued at $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Down 3.0%
Shares of TXN opened at $258.64 on Friday. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The stock has a 50-day moving average price of $285.30 and a 200 day moving average price of $260.06. 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 company has a market capitalization of $236.20 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.05 and a beta of 1.33.
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 paid 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 was Friday, July 31st. Texas Instruments’s dividend payout ratio is 86.45%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the company. KeyCorp upped their target price on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Bank of America raised their target price on Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Susquehanna boosted their price target on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Rosenblatt Securities increased their price objective on shares of Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Finally, Robert W. Baird lifted 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 analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $312.12.
Get Our Latest Report on Texas Instruments
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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