Western Wealth Management LLC purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 7,885 shares of the semiconductor company’s stock, valued at approximately $2,350,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. First Bancorp Inc ME bought a new position in shares of Texas Instruments during the second quarter valued at approximately $228,000. PMV Capital Advisers LLC bought a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $68,000. Jupiter Topco LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter worth approximately $422,806,000. ABS Investment Management LLC bought a new position in Texas Instruments during the 2nd quarter valued at approximately $566,333,000. Finally, EFG International AG purchased a new position in Texas Instruments during the second quarter valued at $11,189,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Price Performance
Shares of TXN opened at $260.05 on Wednesday. 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 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 fifty day simple moving average of $288.51 and a two-hundred day simple moving average of $259.49. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03.
Texas Instruments Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio is 86.45%.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Bank of America raised their price objective on shares of Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings upgraded shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Susquehanna increased their price target on shares of Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Finally, Mizuho boosted their price objective on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Moderate Buy” and an average price target of $312.12.
View Our Latest Stock Analysis 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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