Pointe Capital Management LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,232 shares of the semiconductor company’s stock, valued at approximately $963,000.
Other large investors also recently made changes to their positions in the company. Kilter Group LLC bought a new stake in shares of Texas Instruments during the second quarter valued at approximately $31,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $25,000. Addison Advisors LLC bought a new position in Texas Instruments in the 2nd quarter worth approximately $38,000. Portus Wealth Advisors LLC acquired a new position in Texas Instruments during the 1st quarter worth $27,000. Finally, Advocate Investing Services LLC bought a new position in Texas Instruments in the 4th quarter valued at $25,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
TXN stock opened at $260.05 on Wednesday. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year 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. The firm has a market cap of $237.49 billion, a PE ratio of 39.58, a P/E/G ratio of 1.02 and a beta of 1.33. The business’s 50-day moving average price is $288.51 and its two-hundred day moving average price is $259.49.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reissued a “neutral” rating and set a $340.00 price objective on shares of Texas Instruments in a report on Monday, August 17th. Morgan Stanley upped their target price on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Susquehanna lifted their price target on shares of Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Finally, Arete Research set a $405.00 price objective on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Get Our Latest Research Report on Texas Instruments
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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