Proficio Capital Partners LLC acquired 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 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,435 shares of the semiconductor company’s stock, valued at approximately $1,322,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Pure Financial Advisors LLC bought a new stake in Texas Instruments in the 2nd quarter worth approximately $981,000. Transamerica Financial Advisors LLC purchased a new stake in Texas Instruments during the 2nd quarter valued at $3,440,000. Corient Private Wealth LP bought a new position in shares of Texas Instruments during the 2nd quarter valued at $380,741,000. Palogic Value Management L.P. purchased a new position in shares of Texas Instruments in the 2nd quarter worth $1,520,000. Finally, Perennial Investment Advisors LLC purchased a new position in shares of Texas Instruments in the 2nd quarter worth $1,079,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $261.77 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The stock has a 50-day simple moving average of $287.71 and a two-hundred day simple moving average of $259.75. The firm has a market capitalization of $239.06 billion, a PE 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.
Texas Instruments Announces Dividend
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 dividend of $1.42 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s payout ratio is currently 86.45%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Arete Research set a $405.00 price objective on Texas Instruments and gave the company a “buy” rating in a research report on Wednesday, July 29th. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 14th. Evercore reaffirmed an “outperform” rating and set a $330.00 price target on shares of Texas Instruments in a research report on Thursday, July 23rd. Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Finally, UBS Group restated a “buy” rating and set a $380.00 target price on shares of Texas Instruments in a research report on Thursday, July 23rd. Two investment 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 given a Sell rating to the company. According to MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Read Our Latest Stock 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.
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