Canada Pension Plan Investment Board acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,392,518 shares of the semiconductor company’s stock, valued at approximately $713,138,000. Canada Pension Plan Investment Board owned about 0.26% of Texas Instruments at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in TXN. Brighton Jones LLC increased its holdings in shares of Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after acquiring an additional 4,218 shares in the last quarter. Intech Investment Management LLC boosted its stake in Texas Instruments by 12.8% in the 1st quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock worth $1,632,000 after purchasing an additional 1,031 shares in the last quarter. Osterweis Capital Management Inc. grew its position in Texas Instruments by 1,810.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 181 shares during the last quarter. Main Street Financial Solutions LLC grew its position in Texas Instruments by 1.7% during the 2nd quarter. Main Street Financial Solutions LLC now owns 7,417 shares of the semiconductor company’s stock worth $1,540,000 after purchasing an additional 126 shares during the last quarter. Finally, HUB Investment Partners LLC increased its stake in Texas Instruments by 3.5% during the 2nd quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company’s stock valued at $3,046,000 after purchasing an additional 496 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Price Performance
Texas Instruments stock opened at $260.05 on Wednesday. The stock has a market capitalization of $237.49 billion, a P/E ratio of 39.58, a P/E/G ratio of 1.02 and a beta of 1.33. The company’s fifty day moving average price is $288.51 and its 200 day moving average price is $259.49. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.44 and a current ratio of 4.86. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year high of $334.03.
Texas Instruments Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were paid a $1.42 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a $5.68 dividend on an annualized basis and a yield of 2.2%. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the stock. Citigroup reiterated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Truist Financial raised their target price on Texas Instruments from $278.00 to $300.00 and gave the stock a “hold” rating in a research note on Thursday, July 23rd. Robert W. Baird boosted their price target on Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Arete Research set a $405.00 price objective on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, July 29th. Finally, Susquehanna lifted their target price on Texas Instruments from $300.00 to $340.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, Texas Instruments has an average rating of “Moderate Buy” and a consensus price target of $312.12.
View Our Latest Stock Report on Texas Instruments
About Texas Instruments
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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