Strait & Sound Wealth Management LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,209 shares of the semiconductor company’s stock, valued at approximately $658,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Investment Management Inc. bought a new position in shares of Texas Instruments in the second quarter valued at $75,292,000. Denver PWM LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth $477,000. Glenview Trust Co acquired a new position in shares of Texas Instruments in the 2nd quarter worth $1,949,000. North Star Asset Management Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter worth $1,770,000. Finally, Empowered Funds LLC acquired a new stake in shares of Texas Instruments during the second quarter worth $42,423,000. Institutional investors and hedge funds own 84.99% of the company’s stock.
Texas Instruments Stock Performance
Shares of TXN stock opened at $258.64 on Friday. Texas Instruments Incorporated has a 1-year low of $152.73 and a 1-year high of $334.03. The company has a current ratio of 4.86, a quick ratio of 3.44 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $236.20 billion, a price-to-earnings ratio of 39.37, a P/E/G ratio of 1.05 and a beta of 1.33. The stock’s fifty day simple moving average is $285.30 and its 200-day simple moving average is $260.06.
Texas Instruments Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Friday, July 31st were issued a $1.42 dividend. The ex-dividend date 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 is currently 86.45%.
Analyst Ratings Changes
TXN has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating on shares of Texas Instruments in a report on Tuesday, July 14th. Truist Financial boosted 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. Bank of America upped their price objective on shares of Texas Instruments from $320.00 to $370.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Mizuho raised their target price on shares of Texas Instruments from $300.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Texas Instruments from $280.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Two investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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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