Trans Canada Capital Inc. purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 90,166 shares of the semiconductor company’s stock, valued at approximately $26,876,000. Texas Instruments makes up 1.5% of Trans Canada Capital Inc.’s investment portfolio, making the stock its 6th largest holding.
A number of other large investors have also added to or reduced their stakes in the stock. Ameritas Advisory Services LLC raised its position in Texas Instruments by 697.6% in the second quarter. Ameritas Advisory Services LLC now owns 14,652 shares of the semiconductor company’s stock worth $4,367,000 after acquiring an additional 12,815 shares during the period. Guardian Wealth Advisors LLC NC grew its position in shares of Texas Instruments by 2.3% during the 2nd quarter. Guardian Wealth Advisors LLC NC now owns 2,616 shares of the semiconductor company’s stock valued at $780,000 after acquiring an additional 59 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its position in shares of Texas Instruments by 7.6% during the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 1,472 shares of the semiconductor company’s stock valued at $439,000 after acquiring an additional 104 shares during the period. Wedmont Private Capital increased its stake in shares of Texas Instruments by 9.4% during the 2nd quarter. Wedmont Private Capital now owns 7,078 shares of the semiconductor company’s stock worth $2,204,000 after purchasing an additional 610 shares during the last quarter. Finally, Kintra Wealth LLC raised its holdings in shares of Texas Instruments by 17.5% in the 2nd quarter. Kintra Wealth LLC now owns 10,146 shares of the semiconductor company’s stock worth $2,774,000 after purchasing an additional 1,509 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $258.44 on Monday. The firm has a 50 day simple moving average of $280.18 and a 200 day simple moving average of $261.47. 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 Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The firm has a market capitalization of $236.02 billion, a price-to-earnings ratio of 39.34, a P/E/G ratio of 1.45 and a beta of 1.33.
Texas Instruments Dividend Announcement
The business also recently announced 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 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 currently 86.45%.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on TXN shares. Robert W. Baird upped their price objective on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Wells Fargo & Company raised 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. Mizuho boosted their target price on Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $340.00 price objective on shares of Texas Instruments in a report on Monday, August 17th. Two investment 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $312.12.
Get Our Latest Stock Analysis on Texas Instruments
Insider Buying and Selling
In other Texas Instruments news, VP Tsedeniya Abraham sold 7,000 shares of Texas Instruments stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $264.63, for a total transaction of $1,852,410.00. Following the completion of the transaction, the vice president owned 23,181 shares of the company’s stock, valued at $6,134,388.03. The trade was a 23.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.
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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