Cetera Investment Advisers Boosts Position in Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Investment Advisers raised its position in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 17.5% during the second quarter, Holdings Channel reports. The fund owned 27,698 shares of the semiconductor company’s stock after acquiring an additional 4,124 shares during the period. Cetera Investment Advisers’ holdings in Texas Instruments were worth $4,256,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 85,644,674 shares of the semiconductor company’s stock worth $15,714,085,000 after purchasing an additional 701,996 shares in the last quarter. BlackRock Inc. increased its position in Texas Instruments by 2.0% in the first quarter. BlackRock Inc. now owns 75,269,448 shares of the semiconductor company’s stock worth $13,810,434,000 after buying an additional 1,484,246 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Texas Instruments by 7.6% in 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 buying an additional 2,209,099 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Texas Instruments by 2.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 18,924,982 shares of the semiconductor company’s stock valued at $3,472,355,000 after buying an additional 421,129 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Texas Instruments by 13.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 14,638,302 shares of the semiconductor company’s stock valued at $2,685,836,000 after acquiring an additional 1,779,273 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TXN shares. StockNews.com lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, November 2nd. Susquehanna Bancshares dropped their target price on shares of Texas Instruments from $215.00 to $195.00 in a report on Wednesday, October 26th. KeyCorp decreased their price target on Texas Instruments from $220.00 to $210.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Cowen lowered their price objective on Texas Instruments from $170.00 to $160.00 in a research report on Wednesday, October 26th. Finally, Citigroup cut their target price on Texas Instruments from $165.00 to $155.00 and set a “neutral” rating for the company in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and a consensus price target of $174.70.

Texas Instruments Stock Up 2.8 %

Shares of NASDAQ TXN opened at $177.22 on Wednesday. The stock has a market capitalization of $160.84 billion, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.99 and a beta of 0.99. Texas Instruments Incorporated has a 12-month low of $144.46 and a 12-month high of $199.90. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $162.88 and its 200-day moving average price is $165.27.

Texas Instruments (NASDAQ:TXNGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.08. The business had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.10 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 9.27 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Stockholders of record on Monday, October 31st were paid a $1.24 dividend. The ex-dividend date of this dividend was Friday, October 28th. This represents a $4.96 annualized dividend and a dividend yield of 2.80%. This is an increase from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio is currently 51.99%.

Texas Instruments announced that its board has initiated a stock repurchase plan on Thursday, September 15th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Texas Instruments

In related news, Director Janet F. Clark sold 9,990 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 8,942 shares in the company, valued at approximately $1,566,280.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Texas Instruments news, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total value of $199,631.09. Following the sale, the vice president now owns 27,306 shares in the company, valued at $4,915,353.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Janet F. Clark sold 9,990 shares of the business’s stock in a transaction 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 sale, the director now directly owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

Texas Instruments Company Profile

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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