Canada Pension Plan Investment Board acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 2,392,518 shares of the semiconductor company’s stock, valued at approximately $713,138,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. HBW Advisory Services LLC lifted its stake 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 worth $336,000 after buying an additional 37 shares in the last quarter. Montz Harcus Wealth Management LLC raised its holdings in Texas Instruments by 2.9% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 38 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted 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 purchasing an additional 38 shares in the last quarter. Absher Wealth Management LLC boosted its holdings in shares of Texas Instruments by 1.0% during the 1st quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock worth $820,000 after purchasing an additional 42 shares during the last quarter. Finally, Severin Investments LLC boosted its holdings in shares of Texas Instruments by 3.3% during the 1st quarter. Severin Investments LLC now owns 1,349 shares of the semiconductor company’s stock worth $262,000 after purchasing an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.4%
TXN stock opened at $260.05 on Wednesday. The firm has a market cap of $237.49 billion, a PE ratio of 39.58, a PEG ratio of 1.02 and a beta of 1.33. 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 firm’s 50 day moving average price is $288.51 and its 200-day moving average price is $259.49. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03.
Texas Instruments Announces Dividend
The firm also recently declared 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 was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analysts Set New Price Targets
TXN has been the subject of several recent research reports. Sanford C. Bernstein increased their price target on Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a report on Thursday, July 23rd. Rosenblatt Securities boosted their price objective on Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Jefferies Financial Group upgraded Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Mizuho raised their target price on Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Susquehanna lifted their price target on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Two investment 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $312.12.
Read Our Latest Stock Report 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.
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