Mystic Asset Management Inc. bought a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 2,986 shares of the semiconductor company’s stock, valued at approximately $890,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. HBW Advisory Services LLC lifted its position in Texas Instruments by 2.2% during the first quarter. HBW Advisory Services LLC now owns 1,730 shares of the semiconductor company’s stock valued at $336,000 after buying an additional 37 shares during the period. Montz Harcus Wealth Management LLC grew its position in Texas Instruments by 2.9% during the 1st quarter. Montz Harcus Wealth Management LLC now owns 1,338 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 38 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Texas Instruments by 0.6% during the 1st quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,960 shares of the semiconductor company’s stock valued at $1,157,000 after purchasing an additional 38 shares in the last quarter. Absher Wealth Management LLC lifted its stake in shares of Texas Instruments by 1.0% in the first 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 in the last quarter. Finally, Severin Investments LLC grew its holdings in shares of Texas Instruments by 3.3% during the first 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 last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Down 0.7%
Shares of TXN opened at $265.60 on Friday. The business has a fifty day moving average of $291.25 and a 200 day moving average of $258.71. The company has a market cap of $242.56 billion, a PE ratio of 40.43, 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. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03.
Texas Instruments Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio is currently 86.45%.
Analysts Set New Price Targets
Several research firms recently issued reports on TXN. The Goldman Sachs Group upped their price objective on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research report on Thursday, July 23rd. Mizuho upped their target price on shares of Texas Instruments from $300.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, July 23rd. KeyCorp raised their price target on Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Cantor Fitzgerald restated a “neutral” rating and set a $340.00 target price on shares of Texas Instruments in a research report on Monday. Finally, Susquehanna upped their price target on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a research 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 issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Read Our Latest Stock Report on Texas Instruments
Texas Instruments Company 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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