Tocqueville Asset Management L.P. acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 2,513 shares of the semiconductor company’s stock, valued at approximately $749,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $24,607,313,000. State Street Corp boosted its holdings in Texas Instruments by 0.5% in the third quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock valued at $8,002,381,000 after purchasing an additional 230,098 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Texas Instruments by 6.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company’s stock worth $4,213,832,000 after purchasing an additional 1,517,420 shares during the period. Geode Capital Management LLC raised its position in Texas Instruments by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 22,865,312 shares of the semiconductor company’s stock valued at $3,952,933,000 after purchasing an additional 248,515 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Texas Instruments by 10.6% in the 4th quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company’s stock valued at $3,154,831,000 after buying an additional 1,749,513 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Stock Down 0.7%
TXN opened at $265.60 on Friday. Texas Instruments Incorporated has a one year low of $152.73 and a one year high of $334.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. The stock has a market capitalization of $242.56 billion, a P/E ratio of 40.43, a price-to-earnings-growth ratio of 1.05 and a beta of 1.33. The business’s 50-day simple moving average is $291.25 and its 200-day simple moving average is $258.71.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on TXN. Rosenblatt Securities raised their target price on shares of Texas Instruments from $330.00 to $350.00 and gave the company a “buy” rating in a report on Friday, July 24th. UBS Group reissued a “buy” rating and issued a $380.00 target price on shares of Texas Instruments in a report on Thursday, July 23rd. Stifel Nicolaus raised their price target on Texas Instruments from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Robert W. Baird upped their price objective on Texas Instruments from $300.00 to $385.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Truist Financial raised their target price on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Texas Instruments presently has a consensus rating of “Moderate Buy” and a consensus target price of $312.12.
Read 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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