Plato Investment Management Ltd purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, HoldingsChannel reports. The firm purchased 26,712 shares of the semiconductor company’s stock, valued at approximately $7,916,000.
Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc purchased a new stake in Texas Instruments during the second quarter valued at $95,000. AMG National Trust Bank purchased a new position in Texas Instruments in the second quarter worth about $6,631,000. Insight Wealth Partners LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $1,630,000. Cura Wealth Advisors LLC bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $414,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at about $2,313,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of NASDAQ:TXN opened at $279.58 on Monday. The stock has a 50 day moving average of $292.66 and a 200 day moving average of $257.02. The company has a market cap of $255.33 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on TXN shares. Mizuho increased their price objective on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Wells Fargo & Company upped their target price on shares of Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Bank of America increased their price target on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Rosenblatt Securities lifted their price target on shares of Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Finally, Evercore reissued an “outperform” rating and set a $330.00 price objective on shares of Texas Instruments in a research report on Thursday, July 23rd. Two investment 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’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Get 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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