Odyssean LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 3,150 shares of the semiconductor company’s stock, valued at approximately $939,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Kilter Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth $31,000. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments during the second quarter valued at about $25,000. Addison Advisors LLC bought a new position in Texas Instruments during the second quarter valued at about $38,000. Portus Wealth Advisors LLC purchased a new stake in Texas Instruments during the first quarter worth about $27,000. Finally, Advocate Investing Services LLC purchased a new stake in Texas Instruments during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.7%
Shares of NASDAQ TXN opened at $261.77 on Thursday. 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 has a market cap of $239.06 billion, a P/E ratio of 39.84, a P/E/G ratio of 1.02 and a beta of 1.33. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The business has a 50-day simple moving average of $287.71 and a two-hundred day simple moving average of $259.75.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were issued 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 (DPR) is presently 86.45%.
Analysts Set New Price Targets
Several analysts have commented on the stock. TD Cowen lowered their price objective on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Thursday, July 23rd. Sanford C. Bernstein raised 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 note on Thursday, July 23rd. KeyCorp lifted their price target 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. Wells Fargo & Company increased their price objective on Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a report on Thursday, July 23rd. Finally, Benchmark boosted their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Two 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Get Our Latest Analysis on Texas Instruments
Texas Instruments 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.
Featured Articles
- Five stocks we like better than Texas Instruments
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN – Free Report).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
