5 Best Passive Income Stocks To Buy Now

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In this article, we discuss 5 best passive income stocks to buy now. If you want to read our detailed analysis of dividend stocks and their performance in the past, go directly to read 14 Best Passive Income Stocks To Buy Now

5. Texas Instruments Incorporated (NASDAQ:TXN)

Number of Hedge Fund Holders: 61

Texas Instruments Incorporated (NASDAQ:TXN) is a Texas-based semiconductor manufacturing company. In February, Susquehanna raised its price target on the stock to $210 and maintained a Positive rating on the shares. The firm highlighted the company’s strong business this year.

On January 19, Texas Instruments Incorporated (NASDAQ:TXN) declared a quarterly dividend of $1.24 per share, which was in line with its previous dividend. The company is one of the best dividend stocks on our list as it has raised its payouts for 19 years in a row. The stock has a dividend yield of 2.79%, as of April 19.

At the end of December 2022, 61 hedge funds in Insider Monkey’s database owned stakes in Texas Instruments Incorporated (NASDAQ:TXN), up from 59 in the previous quarter. These stakes have a collective value of nearly $2 billion.

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