Johnson Financial Group Inc. purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,195 shares of the semiconductor company’s stock, valued at approximately $3,635,000.
Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Texas Instruments in the second quarter worth approximately $24,607,313,000. State Street Corp boosted its position in shares of Texas Instruments by 0.5% during the third quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock valued at $8,002,381,000 after buying an additional 230,098 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Texas Instruments by 6.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company’s stock worth $4,213,832,000 after buying an additional 1,517,420 shares in the last quarter. Geode Capital Management LLC grew its holdings in Texas Instruments by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company’s stock worth $3,952,933,000 after buying an additional 248,515 shares in the last quarter. Finally, Invesco Ltd. raised its position in Texas Instruments by 10.6% in the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company’s stock valued at $3,154,831,000 after buying an additional 1,749,513 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $267.45 on Thursday. The firm has a market cap of $244.25 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 1.07 and a beta of 1.33. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The company’s 50 day moving average is $291.88 and its 200-day moving average is $258.36. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on TXN shares. The Goldman Sachs Group raised their price objective on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. Morgan Stanley increased their target price on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a report on Thursday, July 23rd. UBS Group reissued a “buy” rating and set a $380.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Bank of America boosted their price target on shares of Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, KeyCorp upped their price objective on shares of Texas Instruments from $390.00 to $400.00 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 assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Research Report on TXN
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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