Tocqueville Asset Management L.P. bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,513 shares of the semiconductor company’s stock, valued at approximately $749,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. BlackRock Inc. purchased a new stake in shares of Texas Instruments during the second quarter worth about $24,607,313,000. Bank of New York Mellon Corp acquired a new stake in Texas Instruments in the 2nd quarter worth about $4,488,666,000. Norges Bank purchased a new stake in Texas Instruments during the 4th quarter worth approximately $2,516,628,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Texas Instruments during the second quarter valued at approximately $1,205,585,000. Finally, Deutsche Bank AG purchased a new position in shares of Texas Instruments in the second quarter valued at approximately $1,070,947,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 0.7%
Shares of NASDAQ TXN opened at $265.60 on Friday. The company has a market capitalization of $242.56 billion, a P/E ratio of 40.43, a P/E/G ratio of 1.05 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The company has a 50 day simple moving average of $291.25 and a 200-day simple moving average of $258.71. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. Texas Instruments’s dividend payout ratio is presently 86.45%.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on TXN. Susquehanna raised their price objective on Texas Instruments from $300.00 to $340.00 and gave the company a “positive” rating in a report on Tuesday, July 21st. Wells Fargo & Company upped their price objective on shares of Texas Instruments from $300.00 to $310.00 and gave the company an “equal weight” rating in a research note on Thursday, July 23rd. TD Cowen decreased their target price on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. KeyCorp upped 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. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $312.12.
Read Our Latest Research Report 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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