Perennial Investment Advisors LLC purchased 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 filing with the SEC. The institutional investor purchased 3,622 shares of the semiconductor company’s stock, valued at approximately $1,079,000.
Other large investors also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its holdings in 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 acquiring an additional 50,808 shares during the period. Contravisory Investment Management Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter valued at about $1,493,000. K.J. Harrison & Partners Inc bought a new position in shares of Texas Instruments in the 4th quarter worth approximately $1,735,000. Thrivent Financial for Lutherans raised its holdings in Texas Instruments by 126.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after purchasing an additional 83,884 shares in the last quarter. Finally, RNC Capital Management LLC purchased a new position in Texas Instruments during the 4th quarter valued at about $2,751,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.7%
Shares of TXN stock opened at $261.77 on Thursday. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $239.06 billion, a price-to-earnings ratio of 39.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The stock’s 50-day moving average price is $287.71 and its 200-day moving average price is $259.75.
Texas Instruments Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analyst Ratings Changes
TXN has been the topic of several analyst reports. Mizuho boosted their target price on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Truist Financial boosted their target price on shares of Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. KeyCorp raised their price objective on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen raised Texas Instruments from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Texas Instruments currently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Analysis on TXN
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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