Van ECK Associates Corp boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,149,167 shares of the semiconductor company’s stock after acquiring an additional 177,511 shares during the period. Texas Instruments accounts for 2.3% of Van ECK Associates Corp’s investment portfolio, making the stock its 11th largest holding. Van ECK Associates Corp owned about 1.33% of Texas Instruments worth $3,621,302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter worth approximately $24,607,313,000. Bank of New York Mellon Corp bought a new stake in shares of Texas Instruments in the 2nd quarter valued at $4,488,666,000. Norges Bank acquired a new stake in shares of Texas Instruments during the fourth quarter worth $2,516,628,000. Bank of America Corp DE acquired a new stake in shares of Texas Instruments during the second quarter worth $3,700,842,000. Finally, Primecap Management Co. CA bought a new position in Texas Instruments during the second quarter worth $2,538,063,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of NASDAQ:TXN opened at $258.64 on Friday. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The stock’s 50 day moving average is $285.30 and its 200-day moving average is $260.06. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $236.20 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.05 and a beta of 1.33.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Wall Street Analyst Weigh In
A number of brokerages have commented on TXN. Mizuho upped their price target on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research report on Thursday, July 23rd. Zacks Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. UBS Group reissued a “buy” rating and issued a $380.00 price objective on shares of Texas Instruments in a research note on Thursday, July 23rd. Robert W. Baird upped their target price on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 target price on shares of Texas Instruments in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and an average price target of $312.12.
Check Out 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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