Envestnet Asset Management Inc. Has $293.46 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Envestnet Asset Management Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,633,040 shares of the semiconductor company's stock after selling 69,421 shares during the period. Envestnet Asset Management Inc. owned about 0.18% of Texas Instruments worth $293,457,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in shares of Texas Instruments during the fourth quarter worth $27,000. Cloud Capital Management LLC purchased a new stake in shares of Texas Instruments during the first quarter worth $28,000. Copia Wealth Management bought a new position in Texas Instruments during the fourth quarter valued at about $30,000. Quintet Private Bank Europe S.A. bought a new position in Texas Instruments during the first quarter valued at about $34,000. Finally, Atala Financial Inc bought a new position in Texas Instruments during the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on TXN shares. Robert W. Baird upgraded Texas Instruments from a "neutral" rating to an "outperform" rating and set a $175.00 target price on the stock in a report on Monday, April 7th. Citigroup raised their target price on Texas Instruments from $220.00 to $260.00 and gave the company a "buy" rating in a report on Monday. Cowen reiterated a "hold" rating on shares of Texas Instruments in a research note on Wednesday, June 25th. Arete Research upgraded Texas Instruments to a "hold" rating in a research note on Thursday, June 26th. Finally, Truist Financial dropped their price objective on Texas Instruments from $195.00 to $171.00 and set a "hold" rating on the stock in a research note on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, sixteen have given 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, Texas Instruments currently has an average rating of "Hold" and a consensus price target of $196.91.

Texas Instruments Price Performance

NASDAQ TXN traded up $3.22 during trading on Tuesday, reaching $216.63. 6,844,542 shares of the company traded hands, compared to its average volume of 7,309,061. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The stock's 50 day moving average price is $189.50 and its two-hundred day moving average price is $183.45. The company has a market cap of $196.80 billion, a price-to-earnings ratio of 41.11, a P/E/G ratio of 3.52 and a beta of 1.03. Texas Instruments Incorporated has a 1-year low of $139.95 and a 1-year high of $220.38.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.22. The company had revenue of $4.07 billion for 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 company's quarterly revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.10 earnings per share. As a group, analysts anticipate that Texas Instruments Incorporated will post 5.35 EPS for the current year.

Texas Instruments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Wednesday, April 30th were issued a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

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.