Focused Alpha LLC purchased a new stake 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 firm purchased 5,631 shares of the semiconductor company’s stock, valued at approximately $1,678,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. B & T Capital Management DBA Alpha Capital Management bought a new stake in shares of Texas Instruments during the second quarter worth $212,000. MidFirst Bank bought a new position in shares of Texas Instruments during the second quarter worth about $6,006,000. BlackRock Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter worth approximately $24,607,313,000. Occidental Asset Management LLC bought a new stake in Texas Instruments during the second quarter valued at $804,000. Finally, Succession Financial Inc. acquired a new stake in Texas Instruments during the second quarter worth approximately $14,764,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Performance
Texas Instruments stock opened at $282.91 on Tuesday. The firm has a market cap of $258.37 billion, a P/E ratio of 43.06, a P/E/G ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The firm has a 50-day moving average of $292.50 and a 200-day moving average of $257.62. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72.
Texas Instruments Announces Dividend
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 dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Ratings Changes
A number of equities research analysts have commented on the stock. Benchmark raised their price target on shares of Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Rosenblatt Securities upped their target price on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 24th. JPMorgan Chase & Co. raised their target price on 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 upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, UBS Group reissued a “buy” rating and issued a $380.00 price target on shares of Texas Instruments in a 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 assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Stock Report 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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