Texas Instruments Incorporated (NASDAQ:TXN) Stock Position Raised by Cerity Partners LLC

Cerity Partners LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 387,897 shares of the semiconductor company's stock after purchasing an additional 4,084 shares during the quarter. Cerity Partners LLC's holdings in Texas Instruments were worth $69,705,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TXN. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $27,000. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter worth about $28,000. Copia Wealth Management purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $30,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Texas Instruments during the first quarter worth about $34,000. Finally, Atala Financial Inc purchased a new stake in shares of Texas Instruments during the fourth quarter worth about $37,000. 84.99% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TXN has been the topic of a number of analyst reports. Arete began coverage on Texas Instruments in a research report on Thursday, June 26th. They set a "neutral" rating and a $203.80 target price on the stock. Stifel Nicolaus lowered their price objective on Texas Instruments from $200.00 to $160.00 and set a "hold" rating for the company in a report on Thursday, April 17th. Cowen reissued a "hold" rating on shares of Texas Instruments in a report on Wednesday, June 25th. Barclays lowered Texas Instruments from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $180.00 to $125.00 in a report on Tuesday, April 22nd. Finally, Truist Financial lowered their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating for the company in a report on Thursday, April 24th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $202.08.

Texas Instruments Price Performance

TXN traded up $1.59 during trading on Friday, reaching $221.25. The stock had a trading volume of 5,394,922 shares, compared to its average volume of 6,452,513. The firm has a market capitalization of $201.00 billion, a price-to-earnings ratio of 41.98, a price-to-earnings-growth ratio of 3.58 and a beta of 1.03. The company has a quick ratio of 3.37, a current ratio of 5.26 and a debt-to-equity ratio of 0.78. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The stock has a 50 day moving average of $194.11 and a two-hundred day moving average of $184.31.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 28.75% and a net margin of 30.36%. The firm's revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were given a $1.36 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a $5.44 dividend on an annualized basis and a yield of 2.46%. Texas Instruments's dividend payout ratio (DPR) is 103.23%.

About Texas Instruments

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.