Palogic Value Management L.P. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 5,098 shares of the semiconductor company’s stock, valued at approximately $1,520,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. Kilter Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at $31,000. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments in the 2nd quarter worth $25,000. Addison Advisors LLC purchased a new stake in Texas Instruments in the 2nd quarter worth $38,000. Portus Wealth Advisors LLC bought a new stake in Texas Instruments during the first quarter valued at about $27,000. Finally, Advocate Investing Services LLC bought a new stake in Texas Instruments during the fourth quarter valued at about $25,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
NASDAQ TXN opened at $261.77 on Thursday. The stock has a market capitalization of $239.06 billion, a PE ratio of 39.84, a P/E/G ratio of 1.02 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 business has a 50 day simple moving average of $287.71 and a two-hundred day simple moving average of $259.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Announces Dividend
The firm 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. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on TXN. Mizuho boosted their price objective on Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Wells Fargo & Company increased their target price on Texas Instruments from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Jefferies Financial Group raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Two equities research 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 given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Check Out Our Latest Stock Report on Texas Instruments
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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