Cetera Advisors LLC Purchases 14,987 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Advisors LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,755 shares of the semiconductor company’s stock after buying an additional 14,987 shares during the quarter. Cetera Advisors LLC’s holdings in Texas Instruments were worth $12,500,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners bought a new position in shares of Texas Instruments in the 4th quarter worth about $25,000. Richardson Financial Services Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at about $26,000. Scarborough Advisors LLC purchased a new stake in Texas Instruments during the 4th quarter valued at about $26,000. Westend Capital Management LLC purchased a new stake in Texas Instruments during the 1st quarter valued at about $31,000. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in Texas Instruments during the 4th quarter valued at about $31,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 3.0 %

Shares of TXN traded down $5.87 during mid-day trading on Friday, hitting $187.46. 8,050,367 shares of the company traded hands, compared to its average volume of 5,589,131. Texas Instruments Incorporated has a 1-year low of $139.48 and a 1-year high of $210.84. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $171.16 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 4.21 and a beta of 0.99. The business has a 50 day moving average of $197.84 and a 200 day moving average of $180.87.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.06. The firm had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.82 billion. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. Texas Instruments’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 earnings per share. Equities research analysts anticipate that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st will be given a $1.30 dividend. 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%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial raised their price target on shares of Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. Mizuho raised their price target on shares of Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company began coverage on shares of Texas Instruments in a report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price objective on the stock. Jefferies Financial Group raised their price objective on shares of Texas Instruments from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of Texas Instruments in a report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average price target of $198.64.

Texas Instruments 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.