Empowered Funds LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 142,324 shares of the semiconductor company’s stock, valued at approximately $42,423,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Kilter Group LLC bought a new position in Texas Instruments in the second quarter valued at about $31,000. Strategic Wealth Investment Group LLC bought a new position in Texas Instruments in the 2nd quarter valued at approximately $25,000. Addison Advisors LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $38,000. Caitlin John LLC acquired a new stake in Texas Instruments during the 2nd quarter worth approximately $41,000. Finally, Portus Wealth Advisors LLC acquired a new position in Texas Instruments in the 1st quarter valued at approximately $27,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Trading Up 1.8%
NASDAQ TXN opened at $266.54 on Friday. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $286.58 and a 200 day simple moving average of $260.07. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The firm has a market capitalization of $243.42 billion, a P/E ratio of 40.57, a PEG ratio of 1.03 and a beta of 1.33.
Texas Instruments Dividend Announcement
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 payout ratio is presently 86.45%.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the company. Benchmark raised their target price on Texas Instruments from $315.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. JPMorgan Chase & Co. boosted their price target on Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Arete Research set a $405.00 target price on Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, July 29th. KeyCorp boosted their price objective on Texas Instruments from $390.00 to $400.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, TD Cowen cut their target price on Texas Instruments from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $312.12.
View Our Latest 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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