MJP Associates Inc. ADV bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,462 shares of the semiconductor company’s stock, valued at approximately $1,032,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Strategic Wealth Investment Group LLC purchased a new stake in shares of Texas Instruments during the second quarter worth about $25,000. Addison Advisors LLC acquired a new position in Texas Instruments in the second quarter worth about $38,000. Portus Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $27,000. High Point Wealth Management LLC bought a new stake in Texas Instruments during the fourth quarter valued at $25,000. Finally, Advocate Investing Services LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $25,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ TXN opened at $265.60 on Friday. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. 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 simple moving average is $291.25 and its 200 day simple moving average is $258.71. The stock has a market cap of $242.56 billion, a P/E ratio of 40.43, a PEG ratio of 1.05 and a beta of 1.33.
Texas Instruments Dividend Announcement
The company also recently disclosed 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 dividend payout ratio is currently 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $340.00 price objective on shares of Texas Instruments in a research note on Monday. HC Wainwright cut shares of Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Stifel Nicolaus lifted their price target on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Truist Financial upped their price target on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Finally, The Goldman Sachs Group increased their price objective on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Read 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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