Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor purchased 25,705 shares of the semiconductor company’s stock, valued at approximately $7,662,000.
Other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC purchased a new stake in Texas Instruments in the fourth quarter valued at approximately $25,000. Strategic Wealth Investment Group LLC purchased a new position in Texas Instruments in the 2nd quarter worth approximately $25,000. Advocate Investing Services LLC bought a new position in shares of Texas Instruments in the 4th quarter worth $25,000. Ares Financial Consulting LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $26,000. Finally, Cornerstone Financial Management LLC purchased a new stake in shares of Texas Instruments during the 4th quarter valued at $27,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Stock Up 1.2%
Shares of NASDAQ:TXN opened at $282.91 on Tuesday. The stock has a market capitalization of $258.37 billion, a P/E ratio of 43.06, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The stock’s 50-day moving average price is $292.50 and its 200-day moving average price is $257.62. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. Texas Instruments Incorporated has a 12-month low of $152.73 and a 12-month high of $334.03.
Texas Instruments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Shareholders of record on Friday, July 31st were issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is 86.45%.
Analyst Upgrades and Downgrades
TXN has been the subject of several research reports. KeyCorp upped their target price on shares of Texas Instruments from $390.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Truist Financial upped their price objective on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a report on Thursday, July 23rd. Morgan Stanley increased their price objective on Texas Instruments from $230.00 to $255.00 and gave the company an “underweight” rating in a research report on Thursday, July 23rd. Finally, Robert W. Baird raised their price objective on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $312.12.
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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