Insight Wealth Partners LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 5,469 shares of the semiconductor company’s stock, valued at approximately $1,630,000.
A number of other hedge funds have also modified their holdings of TXN. State Street Corp raised its stake in Texas Instruments by 0.5% during the 3rd quarter. State Street Corp now owns 43,555,112 shares of the semiconductor company’s stock valued at $8,002,381,000 after acquiring an additional 230,098 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 24,288,604 shares of the semiconductor company’s stock valued at $4,213,832,000 after purchasing an additional 1,517,420 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 during the last quarter. Invesco Ltd. increased its holdings in shares of Texas Instruments by 10.6% in the fourth quarter. Invesco Ltd. now owns 18,184,514 shares of the semiconductor company’s stock valued at $3,154,831,000 after purchasing an additional 1,749,513 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Texas Instruments by 33.6% in the first quarter. Bank of New York Mellon Corp now owns 16,402,834 shares of the semiconductor company’s stock valued at $3,184,446,000 after purchasing an additional 4,129,601 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Price Performance
Shares of TXN opened at $279.58 on Monday. The company’s fifty day moving average is $292.66 and its two-hundred day moving average is $257.02. Texas Instruments Incorporated has a fifty-two week low of $152.73 and a fifty-two 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. The firm has a market cap of $255.33 billion, a PE ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33.
Texas Instruments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors 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 yield of 2.0%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is presently 86.45%.
Analyst Ratings Changes
Several analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Texas Instruments from $300.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Cantor Fitzgerald restated a “neutral” rating on shares of Texas Instruments in a research report on Monday, July 20th. Weiss Ratings raised Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Finally, Arete Research set a $405.00 target price on Texas Instruments and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Two investment 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 issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $312.12.
Check Out Our Latest Stock Analysis 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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