Kingsview Wealth Management LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 226,734 shares of the semiconductor company’s stock, valued at approximately $67,583,000. Texas Instruments makes up 0.8% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding.
Other institutional investors have also recently modified their holdings of the company. Beacon Pointe Advisors LLC purchased a new position in shares of Texas Instruments during the 2nd quarter valued at about $19,830,000. Kimelman & Baird LLC purchased a new stake in Texas Instruments in the second quarter worth approximately $447,000. Pin Oak Investment Advisors Inc. purchased a new stake in Texas Instruments in the second quarter worth approximately $1,878,000. 49 Wealth Management LLC bought a new position in Texas Instruments during the second quarter valued at approximately $1,480,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new position in Texas Instruments during the second quarter valued at approximately $1,686,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Trading Down 3.0%
NASDAQ:TXN opened at $258.64 on Friday. The firm has a market capitalization of $236.20 billion, a P/E ratio of 39.37, a P/E/G ratio of 1.05 and a beta of 1.33. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The company has a fifty day moving average of $285.30 and a 200 day moving average of $260.06. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of recent research reports. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Weiss Ratings raised shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, UBS Group reissued a “buy” rating and issued a $380.00 price target on shares of Texas Instruments in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned 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 price target of $312.12.
View Our Latest Research Report 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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