UP Strategic Wealth Investment Advisors LLC acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,615 shares of the semiconductor company’s stock, valued at approximately $726,000.
Other hedge funds have also made changes to their positions in the company. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments during the 2nd quarter worth $25,000. Portus Wealth Advisors LLC acquired a new stake in Texas Instruments during the first quarter valued at approximately $27,000. High Point Wealth Management LLC bought a new position in shares of Texas Instruments during the fourth quarter valued at $25,000. Advocate Investing Services LLC acquired a new position in Texas Instruments in the fourth quarter valued at about $25,000. Finally, Scarborough Advisors LLC bought a new stake in Texas Instruments during the 1st quarter worth approximately $29,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of TXN opened at $282.91 on Tuesday. The firm has a market capitalization of $258.37 billion, a PE ratio of 43.06, a PEG ratio of 1.10 and a beta of 1.33. 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 Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company’s 50-day moving average is $292.50 and its 200-day moving average is $257.62.
Texas Instruments Announces Dividend
The firm also recently announced 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio is presently 86.45%.
Analysts Set New Price Targets
TXN has been the topic of a number of research reports. Wolfe Research reiterated an “outperform” rating and set a $315.00 target price on shares of Texas Instruments in a research report on Thursday, April 23rd. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Friday, May 22nd. Weiss Ratings upgraded Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Zacks Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company boosted their target price on Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. Two 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $312.12.
Check Out Our Latest 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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