Performance Wealth Partners LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,492 shares of the semiconductor company’s stock, valued at approximately $1,637,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments in the second quarter worth approximately $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 1st quarter valued at $27,000. High Point Wealth Management LLC bought a new stake in shares of Texas Instruments during the 4th quarter valued at $25,000. Advocate Investing Services LLC purchased a new stake in shares of Texas Instruments in the 4th quarter worth $25,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of Texas Instruments in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
TXN opened at $282.91 on Tuesday. The stock has a market capitalization of $258.37 billion, a price-to-earnings ratio of 43.06, a PEG ratio of 1.10 and a beta of 1.33. The company has a fifty day moving average of $292.50 and a 200 day moving average of $257.62. 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.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is currently 86.45%.
Analyst Ratings Changes
Several research firms have issued reports on TXN. TD Cowen cut their price target on Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of Texas Instruments in a research note on Thursday, April 23rd. Sanford C. Bernstein lifted their price objective on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Robert W. Baird boosted their price objective on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Finally, Morgan Stanley increased their price objective on shares of Texas Instruments from $230.00 to $255.00 and gave the stock an “underweight” 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 issued a Sell rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Check Out Our Latest Stock 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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