Papamarkou Wellner Asset Management inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,425 shares of the semiconductor company’s stock, valued at approximately $859,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kilter Group LLC purchased a new stake in shares of Texas Instruments during the second quarter worth approximately $31,000. Strategic Wealth Investment Group LLC acquired a new stake in Texas Instruments during the 2nd quarter worth $25,000. Addison Advisors LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at about $38,000. Caitlin John LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $41,000. Finally, Portus Wealth Advisors LLC acquired a new stake in Texas Instruments during the 1st quarter worth $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Trading Up 1.8%
NASDAQ:TXN opened at $266.54 on Friday. The stock has a fifty day simple moving average of $286.58 and a 200 day simple moving average of $260.07. The firm has a market capitalization of $243.42 billion, a price-to-earnings ratio of 40.57, a price-to-earnings-growth ratio of 1.03 and a beta of 1.33. 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 1-year low of $152.73 and a 1-year high of $334.03.
Texas Instruments Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a $1.42 dividend. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.1%. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on TXN shares. Benchmark boosted their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Wells Fargo & Company raised their price target on Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus increased their target price on Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research note on Thursday, July 23rd. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. 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 assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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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