Cetera Advisors LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 1.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,811 shares of the semiconductor company’s stock after purchasing an additional 186 shares during the period. Cetera Advisors LLC’s holdings in Texas Instruments were worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Texas Instruments by 0.8% during the first quarter. Vanguard Group Inc. now owns 85,644,674 shares of the semiconductor company’s stock valued at $15,714,085,000 after purchasing an additional 701,996 shares during the period. BlackRock Inc. lifted its position in shares of Texas Instruments by 2.0% during the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after acquiring an additional 1,484,246 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Texas Instruments by 7.6% during the first quarter. Wellington Management Group LLP now owns 31,412,885 shares of the semiconductor company’s stock worth $5,763,635,000 after acquiring an additional 2,209,099 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Texas Instruments by 2.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 18,924,982 shares of the semiconductor company’s stock worth $3,472,355,000 after acquiring an additional 421,129 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Texas Instruments by 13.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock worth $2,685,836,000 after acquiring an additional 1,779,273 shares in the last quarter. 83.72% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares in the company, valued at $4,915,353.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Janet F. Clark sold 9,990 shares of Texas Instruments stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the transaction, the director now directly owns 8,942 shares in the company, valued at $1,566,280.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Ahmad Bahai sold 1,109 shares of Texas Instruments stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the transaction, the vice president now owns 27,306 shares of the company’s stock, valued at $4,915,353.06. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Texas Instruments Stock Up 2.8 %
NASDAQ TXN opened at $177.22 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.92 and a quick ratio of 4.06. The stock has a market capitalization of $160.84 billion, a PE ratio of 18.58, a PEG ratio of 1.99 and a beta of 0.99. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $199.90. The business’s 50-day moving average is $162.88 and its 200 day moving average is $165.27.
Texas Instruments (NASDAQ:TXN – Get Rating) last posted its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.37 by $0.08. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Sell-side analysts forecast that Texas Instruments Incorporated will post 9.27 earnings per share for the current year.
Texas Instruments declared that its board has initiated a stock buyback plan on Thursday, September 15th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 10.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.
Texas Instruments Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued a $1.24 dividend. The ex-dividend date was Friday, October 28th. This is a positive change from Texas Instruments’s previous quarterly dividend of $1.15. This represents a $4.96 annualized dividend and a yield of 2.80%. Texas Instruments’s dividend payout ratio (DPR) is 51.99%.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
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