Succession Financial Inc. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 49,531 shares of the semiconductor company’s stock, valued at approximately $14,764,000. Texas Instruments comprises about 14.0% of Succession Financial Inc.’s investment portfolio, making the stock its 2nd largest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at about $25,000. Portus Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 1st quarter valued at about $27,000. High Point Wealth Management LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Advocate Investing Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Finally, Scarborough Advisors LLC bought a new position in Texas Instruments in the first quarter worth about $29,000. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
TXN opened at $282.91 on Tuesday. 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 business’s 50 day moving average is $292.50 and its 200-day moving average is $257.62. The stock has a market cap of $258.37 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio is presently 86.45%.
Analysts Set New Price Targets
TXN has been the subject of several recent research reports. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. KeyCorp raised their price target on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $340.00 price objective on shares of Texas Instruments in a research report on Monday. Stifel Nicolaus upped their price objective on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Evercore reaffirmed an “outperform” rating and issued a $330.00 target price on shares of Texas Instruments in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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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