Cetera Investment Advisers Decreases Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Investment Advisers cut its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 2.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,864 shares of the semiconductor company's stock after selling 3,882 shares during the quarter. Cetera Investment Advisers' holdings in Texas Instruments were worth $36,351,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TXN. BOKF NA grew its holdings in Texas Instruments by 3.5% during the 4th quarter. BOKF NA now owns 36,765 shares of the semiconductor company's stock worth $6,991,000 after acquiring an additional 1,238 shares during the last quarter. Blue Capital Inc. bought a new stake in Texas Instruments in the 4th quarter valued at about $217,000. Brevan Howard Capital Management LP bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $2,251,000. Captrust Financial Advisors raised its holdings in Texas Instruments by 5.9% during the fourth quarter. Captrust Financial Advisors now owns 101,324 shares of the semiconductor company's stock worth $18,999,000 after buying an additional 5,680 shares during the last quarter. Finally, Cary Street Partners Financial LLC acquired a new stake in shares of Texas Instruments in the 4th quarter worth about $15,866,000. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Trading Up 4.0 %

NASDAQ:TXN traded up $6.63 during mid-day trading on Friday, reaching $172.27. 8,655,053 shares of the company's stock traded hands, compared to its average volume of 6,227,548. The firm has a market capitalization of $156.50 billion, a price-to-earnings ratio of 33.19, a PEG ratio of 3.30 and a beta of 0.97. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $220.39. The company has a 50 day moving average price of $167.29 and a 200-day moving average price of $185.22. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.12 and a quick ratio of 2.88.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.68% and a return on equity of 28.08%. Texas Instruments's revenue was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $1.36 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $5.44 annualized dividend and a dividend yield of 3.16%. Texas Instruments's payout ratio is 103.23%.

Insiders Place Their Bets

In other Texas Instruments news, Chairman Richard K. Templeton sold 97,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $197.69, for a total transaction of $19,175,930.00. Following the completion of the sale, the chairman now directly owns 409,089 shares of the company's stock, valued at approximately $80,872,804.41. This represents a 19.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Janet F. Clark sold 6,065 shares of the business's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $203.62, for a total value of $1,234,955.30. Following the sale, the director now directly owns 10,816 shares of the company's stock, valued at $2,202,353.92. This represents a 35.93 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 297,065 shares of company stock valued at $59,734,685. 0.57% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on TXN shares. TD Securities restated a "hold" rating and set a $160.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. Wells Fargo & Company lowered their target price on Texas Instruments from $200.00 to $175.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Benchmark lowered their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus cut their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, April 17th. Finally, Seaport Res Ptn upgraded Texas Instruments to a "strong sell" rating in a research report on Wednesday, April 30th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $189.41.

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.