Madison Asset Management LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 575,695 shares of the semiconductor company’s stock, valued at approximately $171,598,000. Texas Instruments comprises about 2.0% of Madison Asset Management LLC’s portfolio, making the stock its 6th largest holding.
A number of other large investors also recently made changes to their positions in the business. HBW Advisory Services LLC grew its position in shares of Texas Instruments by 2.2% in the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after purchasing an additional 37 shares during the period. Montz Harcus Wealth Management LLC lifted its position in Texas Instruments by 2.9% during the first quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock worth $260,000 after buying an additional 38 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Texas Instruments by 0.6% in the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock worth $1,157,000 after buying an additional 38 shares during the last quarter. Absher Wealth Management LLC boosted its stake in Texas Instruments by 1.0% in the 1st quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock worth $820,000 after buying an additional 42 shares during the last quarter. Finally, Severin Investments LLC grew its holdings in Texas Instruments by 3.3% in the 1st quarter. Severin Investments LLC now owns 1,349 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 43 shares during the period. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Texas Instruments stock opened at $267.45 on Thursday. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03. The company has a market capitalization of $244.25 billion, a price-to-earnings ratio of 40.71, a price-to-earnings-growth ratio of 1.07 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 firm’s fifty day moving average price is $291.88 and its 200 day moving average price is $258.36.
Texas Instruments Dividend Announcement
The firm also recently declared 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 was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.1%. Texas Instruments’s payout ratio is 86.45%.
Analysts Set New Price Targets
TXN has been the subject of a number of research analyst reports. Benchmark upped their price objective on shares of Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Robert W. Baird raised their target price on shares of Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Truist Financial boosted their target price on shares of Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, July 23rd. Stifel Nicolaus increased their price target on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
View Our Latest Research Report on Texas Instruments
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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