Cambridge Investment Research Advisors Inc. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 29.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,221 shares of the semiconductor company's stock after selling 38,886 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in Texas Instruments were worth $16,392,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Promus Capital LLC acquired a new stake in Texas Instruments in the 4th quarter valued at about $25,000. Summit Securities Group LLC purchased a new position in shares of Texas Instruments during the 4th quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new position in Texas Instruments during the fourth quarter worth approximately $28,000. Copia Wealth Management purchased a new position in shares of Texas Instruments in the 4th quarter worth $30,000. Finally, Quintet Private Bank Europe S.A. acquired a new position in shares of Texas Instruments in the 1st quarter valued at about $34,000. Institutional investors and hedge funds own 84.99% of the company's stock.
Analysts Set New Price Targets
TXN has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. DZ Bank upgraded Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 target price for the company in a research note on Friday, April 25th. Arete began coverage on shares of Texas Instruments in a research report on Thursday. They set a "neutral" rating and a $203.80 price target for the company. Truist Financial cut their price target on shares of Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Finally, Summit Insights lowered shares of Texas Instruments from a "buy" rating to a "hold" rating in a report on Thursday, April 24th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $191.49.
Check Out Our Latest Stock Report on TXN
Texas Instruments Stock Performance
Shares of TXN stock traded up $0.77 during trading hours on Friday, reaching $207.08. The stock had a trading volume of 8,583,008 shares, compared to its average volume of 6,414,849. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $220.39. The firm has a 50-day simple moving average of $181.40 and a 200-day simple moving average of $182.40. The firm has a market capitalization of $188.13 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 3.34 and a beta of 1.00.
Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to analysts' expectations of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. Texas Instruments's quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.10 EPS. As a group, equities analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.
Texas Instruments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Investors of record on Wednesday, April 30th were paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's dividend payout ratio is currently 103.23%.
About Texas Instruments
(
Free Report)
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.
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