Trust Co. of Vermont acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,757 shares of the semiconductor company’s stock, valued at approximately $4,399,000.
Several other institutional investors also recently modified their holdings of TXN. Swiss Life Asset Management Ltd raised its holdings in shares of Texas Instruments by 10.1% during the 4th quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after buying an additional 50,808 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Texas Instruments in the fourth quarter worth approximately $640,000. Contravisory Investment Management Inc. bought a new position in Texas Instruments during the second quarter valued at approximately $1,493,000. K.J. Harrison & Partners Inc bought a new position in Texas Instruments during the fourth quarter valued at approximately $1,735,000. Finally, Thrivent Financial for Lutherans raised its stake in shares of Texas Instruments by 126.0% during the fourth quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after acquiring an additional 83,884 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $282.91 on Tuesday. 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 fifty-two week low of $152.73 and a fifty-two week high of $334.03. The firm has a market cap of $258.37 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The business has a 50 day moving average price of $292.50 and a 200-day moving average price of $257.62.
Texas Instruments Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Upgrades and Downgrades
A number of brokerages have recently weighed in on TXN. Robert W. Baird boosted their price objective on shares of Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. UBS Group reaffirmed a “buy” rating and set a $380.00 target price on shares of Texas Instruments in a report on Thursday, July 23rd. Zacks Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. TD Cowen cut their price target on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $312.12.
Read Our Latest Stock Report on TXN
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.
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