Palogic Value Management L.P. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 5,098 shares of the semiconductor company’s stock, valued at approximately $1,520,000.
Other institutional investors have also recently modified their holdings of the company. Strategic Wealth Investment Group LLC bought a new position in shares of Texas Instruments during the second quarter valued at $25,000. Advocate Investing Services LLC bought a new position in Texas Instruments in the 4th quarter worth about $25,000. Ares Financial Consulting LLC bought a new position in Texas Instruments in the 4th quarter worth about $26,000. Cornerstone Financial Management LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $27,000. Finally, Portus Wealth Advisors LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $27,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Stock Up 0.7%
Texas Instruments stock opened at $261.77 on Thursday. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The stock has a fifty day moving average of $287.71 and a 200 day moving average of $259.75. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The stock has a market cap of $239.06 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is 86.45%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on TXN. Rosenblatt Securities lifted their target price 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. The Goldman Sachs Group raised their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research report on Thursday, July 23rd. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Texas Instruments currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Stock Analysis on Texas Instruments
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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