Texas Instruments Incorporated (NASDAQ:TXN) is Cambiar Investors LLC's 8th Largest Position

Key Points

• Cambiar Investors LLC reduced its stake in Texas Instruments by 1.7%, now holding 306,481 shares, which represents 2.3% of their portfolio as of the latest 13F filing.
• A number of institutions have increased their holdings in Texas Instruments, including Trivium Point Advisory LLC, which raised its stake by 4.5% in the first quarter.
• Texas Instruments recorded a net margin of 30.23% and reported earnings of $1.41 per share, exceeding analyst expectations during its latest quarterly earnings report.

Cambiar Investors LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 306,481 shares of the semiconductor company's stock after selling 5,163 shares during the period. Texas Instruments accounts for about 2.3% of Cambiar Investors LLC's portfolio, making the stock its 8th largest holding. Cambiar Investors LLC's holdings in Texas Instruments were worth $55,075,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Trivium Point Advisory LLC lifted its holdings in Texas Instruments by 4.5% in the first quarter. Trivium Point Advisory LLC now owns 1,256 shares of the semiconductor company's stock valued at $226,000 after acquiring an additional 54 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management lifted its holdings in Texas Instruments by 1.8% in the fourth quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock valued at $598,000 after acquiring an additional 56 shares during the last quarter. Trillium Asset Management LLC lifted its holdings in Texas Instruments by 2.8% in the first quarter. Trillium Asset Management LLC now owns 2,100 shares of the semiconductor company's stock valued at $377,000 after acquiring an additional 57 shares during the last quarter. Voya Financial Advisors Inc. lifted its holdings in Texas Instruments by 1.6% in the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock valued at $686,000 after acquiring an additional 58 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. lifted its holdings in Texas Instruments by 1.7% in the first quarter. FSB Premier Wealth Management Inc. now owns 3,494 shares of the semiconductor company's stock valued at $628,000 after acquiring an additional 60 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TXN shares. DZ Bank restated a "sell" rating and set a $158.00 price target on shares of Texas Instruments in a research note on Wednesday, July 23rd. Mizuho decreased their price target on Texas Instruments from $205.00 to $200.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 23rd. UBS Group set a $255.00 price target on Texas Instruments in a research note on Tuesday, July 22nd. KeyCorp upped their price target on Texas Instruments from $215.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. Finally, Summit Insights cut Texas Instruments from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $212.21.

Texas Instruments Trading Up 0.4%

Shares of TXN opened at $194.57 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.81 and a quick ratio of 3.88. The firm has a 50 day simple moving average of $201.16 and a 200-day simple moving average of $185.16. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $221.69. The stock has a market cap of $176.89 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.18 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, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a net margin of 30.23% and a return on equity of 30.10%. The business had revenue of $4.45 billion during the quarter, compared to analysts' expectations of $4.31 billion. During the same period last year, the company posted $1.17 EPS. The company's revenue was up 16.4% on a year-over-year basis. Equities analysts forecast 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, August 12th. Shareholders of record on Thursday, July 31st were paid a $1.36 dividend. This represents a $5.44 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, July 31st. Texas Instruments's payout ratio is presently 99.63%.

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.

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