Empowered Funds LLC bought a new position 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 & Exchange Commission. The firm bought 142,324 shares of the semiconductor company’s stock, valued at approximately $42,423,000.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. BlackRock Inc. bought a new position in Texas Instruments during the 2nd quarter worth approximately $24,607,313,000. Bank of New York Mellon Corp acquired a new stake in Texas Instruments in the second quarter worth $4,488,666,000. Norges Bank acquired a new stake in Texas Instruments in the fourth quarter worth $2,516,628,000. Bank of America Corp DE bought a new position in shares of Texas Instruments during the second quarter worth $3,700,842,000. Finally, Primecap Management Co. CA acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $2,538,063,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Stock Up 1.8%
Texas Instruments stock opened at $266.54 on Friday. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The firm has a market capitalization of $243.42 billion, a PE ratio of 40.57, a P/E/G ratio of 1.03 and a beta of 1.33. The company’s 50-day moving average is $286.58 and its 200-day moving average is $260.07. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders 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 dividend yield of 2.1%. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Wall Street Analyst Weigh In
TXN has been the subject of a number of research analyst reports. Rosenblatt Securities boosted their target price on Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, July 24th. Sanford C. Bernstein boosted their price objective on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $340.00 price target on shares of Texas Instruments in a research note on Monday, August 17th. TD Cowen lowered their price objective on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating for the company in a research report on Thursday, July 23rd. Finally, Morgan Stanley upped their target price on shares of Texas Instruments from $230.00 to $255.00 and gave the stock an “underweight” rating in a research note on Thursday, July 23rd. Two equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Get Our Latest Stock 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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