Centaurus Financial Inc. bought a new stake in 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. The institutional investor bought 3,429 shares of the semiconductor company’s stock, valued at approximately $1,022,000.
Other large investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd lifted its stake in Texas Instruments by 10.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after purchasing an additional 50,808 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in Texas Instruments in the second quarter worth approximately $1,493,000. K.J. Harrison & Partners Inc acquired a new position in Texas Instruments in the fourth quarter worth approximately $1,735,000. Thrivent Financial for Lutherans increased its holdings in shares of Texas Instruments by 126.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock valued at $26,114,000 after buying an additional 83,884 shares in the last quarter. Finally, RNC Capital Management LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at $2,751,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 1.8%
NASDAQ TXN opened at $266.54 on Friday. The firm’s 50 day moving average price is $286.58 and its two-hundred day moving average price is $260.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The stock has a market cap of $243.42 billion, a price-to-earnings ratio of 40.57, a PEG ratio of 1.03 and a beta of 1.33.
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 paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the subject of several research reports. Truist Financial raised their price objective on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Weiss Ratings upgraded Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Benchmark lifted their price target on Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” 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 issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Check Out Our Latest Report 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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