Tiemann Investment Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,004 shares of the semiconductor company’s stock, valued at approximately $597,000.
Several other hedge funds and other institutional investors have also modified their holdings of TXN. Citizens Financial Group Inc. RI acquired a new stake in shares of Texas Instruments in the second quarter worth $10,347,000. Texas Capital Bank Wealth Management Services Inc acquired a new position in Texas Instruments during the second quarter valued at $3,433,000. Tortoise Investment Management LLC purchased a new stake in Texas Instruments in the 2nd quarter worth about $270,000. Aegis Wealth Management LLC purchased a new stake in Texas Instruments in the 2nd quarter worth about $511,000. Finally, UNIVEST FINANCIAL Corp acquired a new stake in Texas Instruments during the 2nd quarter worth about $285,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Up 1.2%
TXN stock opened at $282.91 on Tuesday. The firm has a market cap of $258.37 billion, a PE ratio of 43.06, a PEG ratio of 1.10 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 company has a fifty day simple moving average of $292.50 and a 200 day simple moving average of $257.62. 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 business 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. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analyst Upgrades and Downgrades
Several research firms have weighed in on TXN. Morgan Stanley lifted their target price on Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald reissued a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a research report on Monday. Rosenblatt Securities raised their price target on shares of Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Weiss Ratings raised shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Two equities research 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 given a Sell rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Moderate Buy” and a consensus target price of $312.12.
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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