L2 Asset Management LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,204 shares of the semiconductor company’s stock, valued at approximately $1,551,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. High Point Wealth Management LLC purchased a new stake in Texas Instruments during the 4th quarter worth $25,000. Strategic Wealth Investment Group LLC purchased a new position in Texas Instruments in the 2nd quarter valued at about $25,000. Advocate Investing Services LLC acquired a new stake in shares of Texas Instruments during the fourth quarter valued at about $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in shares of Texas Instruments in the fourth quarter worth about $27,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of TXN opened at $258.94 on Tuesday. Texas Instruments Incorporated has a 52 week low of $152.73 and a 52 week high of $334.03. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The firm has a market cap of $236.48 billion, a price-to-earnings ratio of 39.41, a PEG ratio of 1.04 and a beta of 1.33. The stock has a 50 day moving average of $289.42 and a 200-day moving average of $259.23.
Texas Instruments Dividend Announcement
The firm also recently announced 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio is 86.45%.
Analyst Ratings Changes
A number of brokerages recently commented on TXN. UBS Group reissued a “buy” rating and issued a $380.00 price target on shares of Texas Instruments in a report on Thursday, July 23rd. Sanford C. Bernstein lifted their price objective on Texas Instruments from $250.00 to $290.00 and gave the stock a “market perform” rating in a report on Thursday, July 23rd. Benchmark upped their target price on Texas Instruments from $315.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, July 23rd. The Goldman Sachs Group increased their target price on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. Finally, Wells Fargo & Company raised their price target on shares of Texas Instruments from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $312.12.
Get Our Latest Stock Analysis on TXN
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.
Featured Stories
- Five stocks we like better than Texas Instruments
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.
