Edmond DE Rothschild Holding S.A. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 57,441 shares of the semiconductor company’s stock, valued at approximately $17,121,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Uptick Partners LLC acquired a new stake in shares of Texas Instruments in the 2nd quarter worth $419,000. CM Wealth Advisors LLC acquired a new position in Texas Instruments during the 2nd quarter valued at about $551,000. Madison Asset Management LLC purchased a new stake in Texas Instruments in the second quarter valued at about $171,598,000. Csenge Advisory Group purchased a new stake in Texas Instruments in the second quarter valued at about $392,000. Finally, OV Management LLC acquired a new stake in Texas Instruments in the second quarter worth about $78,000. Hedge funds and other institutional investors own 84.99% of the company’s stock.
Texas Instruments Trading Down 1.8%
NASDAQ TXN opened at $267.45 on Thursday. The company has a market capitalization of $244.25 billion, a PE ratio of 40.71, a P/E/G ratio of 1.07 and a beta of 1.33. The company has a fifty day moving average of $291.88 and a 200 day moving average of $258.36. Texas Instruments Incorporated has a 1 year low of $152.73 and a 1 year 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.
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 given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, July 31st. Texas Instruments’s dividend payout ratio (DPR) is currently 86.45%.
Wall Street Analyst Weigh In
TXN has been the topic of several recent analyst reports. Jefferies Financial Group upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a report on Friday, May 22nd. Rosenblatt Securities lifted their target price on shares of Texas Instruments from $330.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Wells Fargo & Company boosted 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 report on Thursday, July 23rd. Sanford C. Bernstein upped their price target on shares of Texas Instruments from $250.00 to $290.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group raised their price target on shares of Texas Instruments from $200.00 to $225.00 and gave the stock a “sell” rating in a report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $312.12.
Get 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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