Mystic Asset Management Inc. acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, Holdings Channel reports. The fund acquired 2,986 shares of the semiconductor company’s stock, valued at approximately $890,000.
A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Kilter Group LLC bought a new position in Texas Instruments in the second quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Texas Instruments during the second quarter worth about $25,000. Addison Advisors LLC purchased a new stake in Texas Instruments in the second quarter valued at $38,000. Portus Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the 1st quarter worth approximately $27,000. Finally, High Point Wealth Management LLC acquired a new stake in shares of Texas Instruments during the 4th quarter valued at about $25,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $265.60 on Friday. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. 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 company has a 50 day moving average price of $291.25 and a 200 day moving average price of $258.71. The stock has a market capitalization of $242.56 billion, a P/E ratio of 40.43, a PEG ratio of 1.05 and a beta of 1.33.
Texas Instruments Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.1%. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the company. Arete Research set a $405.00 target price on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, July 29th. The Goldman Sachs Group boosted their target price on Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a report on Thursday, July 23rd. Wall Street Zen upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Evercore reissued an “outperform” rating and set a $330.00 price objective on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Texas Instruments in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $312.12.
Check Out 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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