Banco Bilbao Vizcaya Argentaria S.A. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,018 shares of the semiconductor company’s stock after acquiring an additional 2,027 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Texas Instruments were worth $17,244,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in Texas Instruments in the first quarter valued at about $28,000. Copia Wealth Management bought a new position in Texas Instruments in the fourth quarter valued at about $30,000. Dagco Inc. bought a new position in Texas Instruments in the first quarter valued at about $32,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments in the first quarter valued at about $34,000. Finally, Park Square Financial Group LLC acquired a new position in Texas Instruments in the fourth quarter valued at about $41,000. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Up 0.8%
NASDAQ TXN opened at $195.94 on Wednesday. The firm has a market cap of $178.14 billion, a P/E ratio of 35.89, a P/E/G ratio of 3.17 and a beta of 1.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The stock’s 50-day moving average is $200.93 and its 200-day moving average is $185.30. Texas Instruments Incorporated has a one year low of $139.95 and a one year high of $221.69.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Thursday, July 31st were issued a dividend of $1.36 per share. The ex-dividend date was Thursday, July 31st. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.8%. Texas Instruments’s dividend payout ratio (DPR) is presently 99.63%.
Analysts Set New Price Targets
TXN has been the topic of several analyst reports. Wolfe Research raised Texas Instruments from a “peer perform” rating to an “outperform” rating and set a $230.00 target price on the stock in a research note on Monday, July 28th. Cantor Fitzgerald reissued a “neutral” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. KeyCorp increased their target price on Texas Instruments from $215.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, July 8th. Susquehanna cut their target price on Texas Instruments from $250.00 to $240.00 and set a “positive” rating on the stock in a research note on Tuesday, July 22nd. Finally, Morgan Stanley reissued an “underweight” rating on shares of Texas Instruments in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $212.21.
View Our Latest Stock Analysis on TXN
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
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