Pallas Capital Advisors LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,786 shares of the semiconductor company’s stock, valued at approximately $2,023,000.
A number of other institutional investors also recently bought and sold shares of the business. High Point Wealth Management LLC acquired a new stake in Texas Instruments during the 4th quarter valued at approximately $25,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments in the second quarter worth $25,000. Advocate Investing Services LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth $25,000. Ares Financial Consulting LLC purchased a new position in shares of Texas Instruments during the fourth quarter worth $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in Texas Instruments during the fourth quarter valued at $27,000. 84.99% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Trading Up 1.2%
TXN stock opened at $282.91 on Tuesday. The company’s 50-day simple moving average is $292.50 and its 200-day simple moving average is $257.62. 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 firm has a market cap of $258.37 billion, a P/E ratio of 43.06, a PEG ratio of 1.10 and a beta of 1.33.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given 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 2.0%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 price target on shares of Texas Instruments in a research report on Monday. Rosenblatt Securities boosted their price objective on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 24th. Citigroup restated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Arete Research set a $405.00 target price on Texas Instruments and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, KeyCorp lifted their price target on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a research 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 issued a Sell rating to the company. According to MarketBeat.com, Texas Instruments presently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
View Our Latest Stock Analysis 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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