Rakuten Investment Management Inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 263,737 shares of the semiconductor company’s stock, valued at approximately $75,292,000. Texas Instruments accounts for 0.2% of Rakuten Investment Management Inc.’s investment portfolio, making the stock its 26th biggest holding.
Other hedge funds have also made changes to their positions in the company. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at $25,000. Advocate Investing Services LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $25,000. Quattro Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter worth about $27,000. Cornerstone Financial Management LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $27,000. Finally, Portus Wealth Advisors LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
TXN stock opened at $258.64 on Friday. The business has a 50 day moving average price of $285.30 and a 200 day moving average price of $260.06. The stock has a market cap of $236.20 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.05 and a beta of 1.33. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72.
Texas Instruments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. Texas Instruments’s payout ratio is 86.45%.
Analysts Set New Price Targets
A number of analysts recently weighed in on the stock. Sanford C. Bernstein upped their target price on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. HC Wainwright downgraded shares of Texas Instruments to a “neutral” rating in a research report on Friday, May 22nd. 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. Finally, Bank of America lifted their price objective 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. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Stock Report on Texas Instruments
Texas Instruments 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.
Read More
- Five stocks we like better than Texas Instruments
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
