Nissay Asset Management Corp Japan grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 54.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 543,239 shares of the semiconductor company’s stock after acquiring an additional 191,226 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in Texas Instruments were worth $161,923,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of TXN. Brighton Jones LLC grew its position in Texas Instruments by 33.4% during the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock worth $3,158,000 after buying an additional 4,218 shares in the last quarter. Intech Investment Management LLC increased its stake in Texas Instruments by 12.8% during the 1st quarter. Intech Investment Management LLC now owns 9,084 shares of the semiconductor company’s stock worth $1,632,000 after acquiring an additional 1,031 shares during the period. Osterweis Capital Management Inc. raised its holdings in Texas Instruments by 1,810.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 191 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 181 shares in the last quarter. Main Street Financial Solutions LLC lifted its position in shares of 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 valued at $1,540,000 after acquiring an additional 126 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in shares of Texas Instruments by 3.5% during the 2nd quarter. HUB Investment Partners LLC now owns 14,673 shares of the semiconductor company’s stock worth $3,046,000 after purchasing an additional 496 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Stock Performance
NASDAQ TXN opened at $258.64 on Friday. The company has a market capitalization of $236.20 billion, a price-to-earnings ratio of 39.37, a PEG ratio of 1.05 and a beta of 1.33. Texas Instruments Incorporated has a twelve month low of $152.73 and a twelve month high of $334.03. The stock has a fifty day simple moving average of $285.30 and a 200 day simple moving average of $260.06. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Investors 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 was Friday, July 31st. Texas Instruments’s payout ratio is presently 86.45%.
Wall Street Analyst Weigh In
Several research firms have commented on TXN. 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 report on Thursday, July 23rd. Mizuho increased their price target on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 23rd. Truist Financial lifted their price objective on shares of Texas Instruments from $278.00 to $300.00 and gave the company a “hold” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Texas Instruments from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, July 28th. Finally, Citigroup restated a “buy” rating on shares of Texas Instruments in a research note on Tuesday, July 14th. Two equities 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $312.12.
Read Our Latest 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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