Man Group plc bought a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 360,694 shares of the semiconductor company’s stock, valued at approximately $107,512,000.
Several other institutional investors have also modified their holdings of TXN. BlackRock Inc. acquired a new position in shares of Texas Instruments during the 2nd quarter valued at about $24,607,313,000. State Street Corp increased its position in Texas Instruments by 0.5% during the third quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock worth $8,002,381,000 after purchasing an additional 230,098 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake 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 purchasing an additional 1,517,420 shares during the period. Geode Capital Management LLC raised its stake 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 purchasing an additional 248,515 shares during the period. Finally, Invesco Ltd. boosted its holdings 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 purchasing an additional 1,749,513 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.4%
Shares of Texas Instruments stock opened at $260.05 on Wednesday. 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 Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The company has a market capitalization of $237.49 billion, a P/E ratio of 39.58, a P/E/G ratio of 1.02 and a beta of 1.33. The company has a 50 day moving average of $288.51 and a 200 day moving average of $259.49.
Texas Instruments Announces Dividend
The company also recently announced 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. The ex-dividend date was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. HC Wainwright cut Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings upgraded Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Mizuho boosted their target price on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Susquehanna upped their price target on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Get Our Latest Stock Report on Texas Instruments
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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