Simplicity Wealth LLC bought a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,760 shares of the semiconductor company’s stock, valued at approximately $2,313,000.
Other institutional investors also recently added to or reduced their stakes in the company. Strategic Wealth Investment Group LLC purchased a new position in Texas Instruments in the second quarter worth $25,000. Portus Wealth Advisors LLC purchased a new stake in shares of Texas Instruments during the 1st quarter worth $27,000. High Point Wealth Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth $25,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Texas Instruments in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $279.58 on Monday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a 50-day moving average of $292.66 and a 200-day moving average of $257.02. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The company has a market cap of $255.33 billion, a P/E ratio of 42.55, a P/E/G ratio of 1.10 and a beta of 1.33.
Texas Instruments Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.0%. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analyst Ratings Changes
TXN has been the topic of a number of research analyst reports. Arete Research set a $405.00 price objective on shares of Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, July 29th. Rosenblatt Securities lifted their price objective on Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Mizuho boosted their target price on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Wolfe Research reissued an “outperform” rating and issued a $315.00 target price on shares of Texas Instruments in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $312.12.
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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