Nippon Life Global Investors Americas Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,030 shares of the semiconductor company’s stock, valued at approximately $1,499,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. J.Safra Asset Management Corp purchased a new stake in Texas Instruments during the 2nd quarter valued at approximately $481,000. Flputnam Investment Management Co. purchased a new position in shares of Texas Instruments in the second quarter worth $4,581,000. Global Retirement Partners LLC purchased a new position in shares of Texas Instruments in the second quarter worth $7,911,000. 1ST Source Bank bought a new position in shares of Texas Instruments during the second quarter worth $647,000. Finally, Wilkinson Global Asset Management LLC bought a new position in shares of Texas Instruments during the second quarter worth $61,104,000. 84.99% of the stock is currently owned by institutional investors.
Texas Instruments Price Performance
TXN stock opened at $279.58 on Monday. Texas Instruments Incorporated has a 12 month low of $152.73 and a 12 month high of $334.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.86 and a quick ratio of 3.44. The company has a market capitalization of $255.33 billion, a P/E ratio of 42.55, a price-to-earnings-growth ratio of 1.10 and a beta of 1.33. The firm’s fifty day simple moving average is $292.66 and its 200-day simple moving average is $257.02.
Texas Instruments Dividend Announcement
The firm also recently disclosed 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 annualized dividend 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 presently 86.45%.
Wall Street Analysts Forecast Growth
TXN has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of Texas Instruments from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Cantor Fitzgerald reissued a “neutral” rating on shares of Texas Instruments in a research report on Monday, July 20th. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Tuesday, July 14th. Jefferies Financial Group raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Friday, May 22nd. Finally, Robert W. Baird boosted their target price on shares of Texas Instruments from $300.00 to $385.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Texas Instruments currently has an average rating of “Moderate Buy” and an average price target of $312.12.
Read Our Latest 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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