Cetera Investment Advisers Purchases 163,838 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Investment Advisers lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 450.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200,185 shares of the semiconductor company’s stock after acquiring an additional 163,838 shares during the period. Cetera Investment Advisers’ holdings in Texas Instruments were worth $34,874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Householder Group Estate & Retirement Specialist LLC increased its position in Texas Instruments by 62.7% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 607 shares of the semiconductor company’s stock worth $103,000 after purchasing an additional 234 shares in the last quarter. Trust Point Inc. acquired a new position in Texas Instruments during the 4th quarter worth approximately $1,193,000. Farmers & Merchants Trust Co of Chambersburg PA acquired a new position in Texas Instruments during the 4th quarter worth approximately $34,000. Advisory Alpha LLC increased its position in Texas Instruments by 36.6% during the 4th quarter. Advisory Alpha LLC now owns 1,979 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 530 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its position in Texas Instruments by 3.4% in the 4th quarter. Avitas Wealth Management LLC now owns 14,285 shares of the semiconductor company’s stock valued at $2,435,000 after acquiring an additional 471 shares during the period. Institutional investors own 84.99% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research report on Wednesday, April 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $210.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 24th. Robert W. Baird upped their price objective on shares of Texas Instruments from $175.00 to $200.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. The Goldman Sachs Group upped their price objective on shares of Texas Instruments from $157.00 to $176.00 and gave the company a “sell” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Texas Instruments currently has an average rating of “Hold” and an average target price of $198.64.

Texas Instruments Stock Performance

NASDAQ TXN opened at $187.46 on Friday. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $210.84. The company has a 50-day simple moving average of $197.84 and a 200 day simple moving average of $180.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.49 and a current ratio of 4.62. 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.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.82 billion. During the same quarter last year, the company posted $1.87 earnings per share. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Announces Dividend

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

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.