Plato Investment Management Ltd purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 26,712 shares of the semiconductor company’s stock, valued at approximately $7,916,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. HBW Advisory Services LLC lifted its holdings in shares of 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 purchasing an additional 37 shares during the last quarter. Montz Harcus Wealth Management LLC grew its stake in shares of 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 worth $260,000 after buying an additional 38 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its position 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 buying an additional 38 shares in the last quarter. Absher Wealth Management LLC increased its position in Texas Instruments by 1.0% during the 1st quarter. Absher Wealth Management LLC now owns 4,223 shares of the semiconductor company’s stock valued at $820,000 after buying an additional 42 shares in the last quarter. Finally, Severin Investments LLC raised its stake in 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 Performance
Shares of TXN opened at $279.58 on Monday. The company has a market cap of $255.33 billion, a price-to-earnings ratio of 42.55, a P/E/G ratio of 1.10 and a beta of 1.33. The business’s fifty day simple moving average is $292.66 and its two-hundred day simple moving average is $257.02. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72.
Texas Instruments Announces Dividend
The business 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. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analyst Ratings Changes
Several research firms have commented on TXN. Rosenblatt Securities boosted their target price on Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Susquehanna lifted 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. TD Cowen dropped their price target on shares of Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. JPMorgan Chase & Co. increased their price objective on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird raised their price objective on shares of Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Texas Instruments 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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