CORDA Investment Management LLC. acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 4,774 shares of the semiconductor company’s stock, valued at approximately $1,423,000.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. Swiss Life Asset Management Ltd lifted its stake in Texas Instruments by 10.1% during the fourth quarter. Swiss Life Asset Management Ltd now owns 555,199 shares of the semiconductor company’s stock valued at $96,321,000 after buying an additional 50,808 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Texas Instruments in the fourth quarter worth approximately $640,000. Contravisory Investment Management Inc. acquired a new stake in shares of Texas Instruments during the second quarter valued at approximately $1,493,000. K.J. Harrison & Partners Inc purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $1,735,000. Finally, Thrivent Financial for Lutherans boosted its stake in Texas Instruments by 126.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 150,454 shares of the semiconductor company’s stock worth $26,114,000 after purchasing an additional 83,884 shares during the period. 84.99% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Stock Up 2.2%
TXN opened at $279.58 on Friday. The company has a market capitalization of $255.33 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two week high of $334.03. The business has a 50-day moving average of $292.66 and a 200-day moving average of $256.59.
Texas Instruments Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were paid a dividend of $1.42 per share. The ex-dividend date was Friday, July 31st. This represents a $5.68 annualized dividend and a dividend yield of 2.0%. Texas Instruments’s dividend payout ratio is 86.45%.
Analyst Upgrades and Downgrades
Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. HC Wainwright downgraded Texas Instruments to a “neutral” rating in a report on Friday, May 22nd. Weiss Ratings raised Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, July 28th. UBS Group reaffirmed a “buy” rating and set a $380.00 target price on shares of Texas Instruments in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a research report on Thursday, July 23rd. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $312.12.
View Our Latest Research Report on TXN
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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