EFG International AG purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,522 shares of the semiconductor company’s stock, valued at approximately $11,189,000.
Other large investors also recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at $3,135,000. Delos Wealth Advisors LLC purchased a new stake in shares of Texas Instruments during the 2nd quarter valued at $139,000. Primecap Management Co. CA acquired a new stake in shares of Texas Instruments during the 2nd quarter worth $2,538,063,000. Palisade Capital Management LP acquired a new stake in shares of Texas Instruments during the 2nd quarter worth $4,415,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Texas Instruments in the 2nd quarter worth $713,138,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Up 0.4%
Shares of NASDAQ:TXN opened at $260.05 on Wednesday. The company has a market capitalization of $237.49 billion, a price-to-earnings ratio of 39.58, a price-to-earnings-growth ratio of 1.02 and a beta of 1.33. The company has a 50 day moving average of $288.51 and a two-hundred day moving average of $259.49. Texas Instruments Incorporated has a 52-week low of $152.73 and a 52-week high of $334.03. The company has a quick ratio of 3.44, a current ratio of 4.86 and a debt-to-equity ratio of 0.72.
Texas Instruments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Friday, July 31st were given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on TXN shares. The Goldman Sachs Group lifted their price objective on Texas Instruments from $200.00 to $225.00 and gave the company a “sell” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on shares of Texas Instruments from $280.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $340.00 price target on shares of Texas Instruments in a research report on Monday, August 17th. Wall Street Zen upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. Finally, Robert W. Baird raised their target price 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 research 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
Read Our Latest Analysis on Texas Instruments
Texas Instruments 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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