Corient Private Wealth LP acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 1,277,358 shares of the semiconductor company’s stock, valued at approximately $380,741,000.
Several other hedge funds and other institutional investors have also made changes to their positions in TXN. Strategic Wealth Investment Group LLC bought a new stake in Texas Instruments during the second quarter worth $25,000. Advocate Investing Services LLC bought a new position in shares of Texas Instruments in the 4th quarter valued at about $25,000. Ares Financial Consulting LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Cornerstone Financial Management LLC acquired a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Finally, Portus Wealth Advisors LLC bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $27,000. 84.99% of the stock is owned by institutional investors.
Texas Instruments Trading Up 0.7%
Shares of TXN stock opened at $261.77 on Thursday. The firm has a 50 day moving average price of $287.71 and a two-hundred day moving average price of $259.75. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $239.06 billion, a PE ratio of 39.84, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were given a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. Evercore restated an “outperform” rating and issued a $330.00 price objective on shares of Texas Instruments in a research note on Thursday, July 23rd. Arete Research set a $405.00 price objective on Texas Instruments and gave the company a “buy” rating in a research report on Wednesday, July 29th. Stifel Nicolaus lifted their target price on Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Truist Financial increased their price target on Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Stock Analysis 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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