Cetera Advisor Networks LLC Raises Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Advisor Networks LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,311 shares of the semiconductor company’s stock after acquiring an additional 4,404 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Texas Instruments were worth $17,301,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TXN. Tennessee Valley Asset Management Partners acquired a new position in shares of Texas Instruments during the 4th quarter worth approximately $25,000. Richardson Financial Services Inc. acquired a new position in shares of Texas Instruments during the 4th quarter worth about $26,000. Scarborough Advisors LLC purchased a new position in Texas Instruments in the 4th quarter valued at about $26,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Texas Instruments in the 4th quarter worth about $31,000. Finally, Westend Capital Management LLC acquired a new position in shares of Texas Instruments during the first quarter valued at approximately $31,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Trading Down 3.0 %

Texas Instruments stock traded down $5.87 during trading on Friday, hitting $187.46. The company’s stock had a trading volume of 8,050,367 shares, compared to its average volume of 5,589,131. The stock’s fifty day moving average is $197.84 and its 200 day moving average is $180.99. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The stock has a market capitalization of $171.16 billion, a price-to-earnings ratio of 29.24, a P/E/G ratio of 4.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. Texas Instruments had a net margin of 33.01% and a return on equity of 31.10%. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter in the prior year, the company posted $1.87 EPS. The company’s quarterly revenue was down 15.6% compared to the same quarter last year. As a group, equities research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, July 31st. This represents a $5.20 annualized dividend and a yield of 2.77%. Texas Instruments’s dividend payout ratio is presently 81.12%.

Analysts Set New Price Targets

A number of research analysts have weighed in on TXN shares. Morgan Stanley raised their price objective on Texas Instruments from $150.00 to $156.00 and gave the company an “underweight” rating in a report on Thursday, July 11th. Rosenblatt Securities lifted their target price on shares of Texas Instruments from $210.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, July 22nd. Barclays upped their price target on Texas Instruments from $190.00 to $210.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 24th. Truist Financial upped their target price on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Finally, Evercore ISI upped their price objective on shares of Texas Instruments from $213.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $198.64.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.