Wilkinson Global Asset Management LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 204,998 shares of the semiconductor company’s stock, valued at approximately $61,104,000. Texas Instruments accounts for 4.9% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 7th largest holding.
Other institutional investors and hedge funds have also made changes to their positions in the company. Strategic Wealth Investment Group LLC acquired a new position in shares of Texas Instruments during the second quarter valued at approximately $25,000. Portus Wealth Advisors LLC acquired a new stake in Texas Instruments in the first quarter worth approximately $27,000. High Point Wealth Management LLC bought a new position in Texas Instruments during the 4th quarter valued at $25,000. Advocate Investing Services LLC bought a new position in Texas Instruments during the 4th quarter valued at $25,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Texas Instruments during the 1st quarter valued at $29,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Performance
Shares of NASDAQ TXN opened at $279.58 on Monday. The stock’s fifty day simple moving average is $292.66 and its 200 day simple moving average is $257.02. The stock has a market capitalization of $255.33 billion, a price-to-earnings ratio of 42.55, a PEG ratio of 1.10 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. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03.
Texas Instruments Announces Dividend
The company 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 2.0%. Texas Instruments’s payout ratio is currently 86.45%.
Analysts Set New Price Targets
TXN has been the topic of a number of research reports. Bank of America boosted their price objective on Texas Instruments from $320.00 to $370.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Stifel Nicolaus lifted their target price on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Arete Research set a $405.00 price target on shares of Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Wolfe Research reiterated an “outperform” rating and issued a $315.00 price target on shares of Texas Instruments in a research report on Thursday, April 23rd. Finally, Robert W. Baird upped their price target on shares of Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat.com, Texas Instruments presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Check Out Our Latest Stock Analysis on TXN
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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