Visionary Wealth Advisors acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 13,882 shares of the semiconductor company’s stock, valued at approximately $4,138,000.
Other hedge funds have also recently bought and sold shares of the company. High Point Wealth Management LLC acquired a new stake in Texas Instruments in the fourth quarter worth about $25,000. Strategic Wealth Investment Group LLC acquired a new position in Texas Instruments during the 2nd quarter valued at about $25,000. Advocate Investing Services LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $25,000. Ares Financial Consulting LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $26,000. Finally, Cornerstone Financial Management LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $27,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Down 2.1%
NASDAQ TXN opened at $258.94 on Tuesday. The firm has a market cap of $236.48 billion, a P/E ratio of 39.41, a P/E/G ratio of 1.04 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The stock’s 50-day moving average is $289.42 and its 200-day moving average is $259.23. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders 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 dividend on an annualized basis and a yield of 2.2%. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
TXN has been the subject of a number of recent research reports. Wall Street Zen raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Weiss Ratings raised shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Susquehanna upped their target price on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a research report on Tuesday, July 21st. UBS Group reissued a “buy” rating and issued a $380.00 price target on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Texas Instruments has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Stock Analysis on TXN
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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