Peak Asset Management LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,531 shares of the semiconductor company’s stock, valued at approximately $754,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its holdings in shares of 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 period. Contravisory Investment Management Inc. bought a new position in Texas Instruments in the 2nd quarter valued at about $1,493,000. K.J. Harrison & Partners Inc acquired a new position in Texas Instruments during the 4th quarter valued at about $1,735,000. Thrivent Financial for Lutherans lifted its stake in shares of Texas Instruments by 126.0% in the 4th 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 during the period. Finally, RNC Capital Management LLC bought a new position in shares of Texas Instruments in the fourth quarter valued at approximately $2,751,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 2.1%
NASDAQ:TXN opened at $258.94 on Tuesday. The stock has a fifty day simple moving average of $289.42 and a 200 day simple moving average of $259.23. The firm has a market capitalization of $236.48 billion, a price-to-earnings ratio of 39.41, a price-to-earnings-growth ratio of 1.04 and a beta of 1.33. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year 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.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 annualized dividend and a yield of 2.2%. 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 subject of a number of research analyst reports. Cantor Fitzgerald restated a “neutral” rating and issued a $340.00 target price on shares of Texas Instruments in a research report on Monday, August 17th. KeyCorp upped their price objective on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” 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 research note on Thursday, July 23rd. Sanford C. Bernstein boosted their price target on shares of Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a research report on Thursday, July 23rd. Finally, Mizuho upped their price target on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Check Out 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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