Cetera Investment Advisers Purchases 3,230 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Cetera Investment Advisers increased its position in Texas Instruments by 1.7%, owning 197,094 shares with a value of $35.4 million as of the last reporting period.
• Texas Instruments reported $1.41 EPS for the last quarter, exceeding estimates, with revenues of $4.45 billion, marking a 16.4% year-over-year increase.
• The company announced a quarterly dividend of $1.36, resulting in an annualized yield of 2.94% and a payout ratio of 99.63%.

Cetera Investment Advisers increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 197,094 shares of the semiconductor company's stock after buying an additional 3,230 shares during the period. Cetera Investment Advisers' holdings in Texas Instruments were worth $35,418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its holdings in shares of Texas Instruments by 33.4% in the fourth quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company's stock valued at $3,158,000 after purchasing an additional 4,218 shares during the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of Texas Instruments by 14.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 138,350 shares of the semiconductor company's stock valued at $25,942,000 after purchasing an additional 17,840 shares during the last quarter. AssuredPartners Investment Advisors LLC acquired a new position in shares of Texas Instruments in the fourth quarter valued at $250,000. Pictet Asset Management Holding SA boosted its position in shares of Texas Instruments by 13.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 563,579 shares of the semiconductor company's stock valued at $105,677,000 after acquiring an additional 67,416 shares during the period. Finally, Heartland Advisors Inc. boosted its position in shares of Texas Instruments by 13.6% in the fourth quarter. Heartland Advisors Inc. now owns 10,868 shares of the semiconductor company's stock valued at $2,038,000 after acquiring an additional 1,302 shares during the period. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TXN has been the subject of a number of recent research reports. Arete Research raised shares of Texas Instruments to a "hold" rating in a research report on Thursday, June 26th. Stifel Nicolaus boosted their target price on shares of Texas Instruments from $160.00 to $192.00 and gave the company a "hold" rating in a research report on Friday, July 18th. DZ Bank reaffirmed a "sell" rating and set a $158.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 23rd. Mizuho cut their price objective on shares of Texas Instruments from $205.00 to $200.00 and set a "neutral" rating for the company in a research report on Wednesday, July 23rd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $212.21.

Texas Instruments Stock Down 0.9%

NASDAQ TXN traded down $1.69 during mid-day trading on Wednesday, hitting $189.69. The company's stock had a trading volume of 977,023 shares, compared to its average volume of 7,351,528. The company has a current ratio of 5.81, a quick ratio of 3.88 and a debt-to-equity ratio of 0.86. The company's 50 day simple moving average is $200.37 and its 200 day simple moving average is $185.46. Texas Instruments Incorporated has a twelve month low of $139.95 and a twelve month high of $221.69. The firm has a market capitalization of $172.33 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 3.10 and a beta of 1.03.

Texas Instruments (NASDAQ:TXN - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The semiconductor company reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The business had revenue of $4.45 billion for the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the business earned $1.17 EPS. The business's revenue was up 16.4% on a year-over-year basis. Analysts anticipate 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, August 12th. Stockholders of record on Thursday, July 31st will be paid a dividend of $1.36 per share. This represents a $5.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Thursday, July 31st. Texas Instruments's payout ratio is 99.63%.

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.