Oppenheimer Asset Management Inc. Has $18.46 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer Asset Management Inc. cut its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 3.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 102,710 shares of the semiconductor company's stock after selling 3,376 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Texas Instruments were worth $18,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gerber Kawasaki Wealth & Investment Management increased its stake in Texas Instruments by 1.8% during the 4th quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,187 shares of the semiconductor company's stock worth $598,000 after buying an additional 56 shares during the period. Voya Financial Advisors Inc. increased its position in shares of Texas Instruments by 1.6% during the fourth quarter. Voya Financial Advisors Inc. now owns 3,649 shares of the semiconductor company's stock worth $686,000 after acquiring an additional 58 shares during the last quarter. Dunhill Financial LLC boosted its holdings in Texas Instruments by 3.7% in the fourth quarter. Dunhill Financial LLC now owns 1,707 shares of the semiconductor company's stock valued at $320,000 after purchasing an additional 61 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in Texas Instruments by 3.7% during the 4th quarter. Prestige Wealth Management Group LLC now owns 1,745 shares of the semiconductor company's stock valued at $327,000 after purchasing an additional 62 shares in the last quarter. Finally, Main Street Research LLC grew its stake in Texas Instruments by 3.1% during the 4th quarter. Main Street Research LLC now owns 2,110 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 63 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXN. Benchmark cut their target price on shares of Texas Instruments from $230.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Argus raised Texas Instruments to a "strong-buy" rating in a report on Friday, April 25th. DZ Bank raised Texas Instruments from a "sell" rating to a "hold" rating and set a $163.00 price target on the stock in a research report on Friday, April 25th. Sanford C. Bernstein raised shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Finally, Wells Fargo & Company set a $190.00 target price on shares of Texas Instruments and gave the stock an "equal weight" rating in a report on Monday, June 16th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $190.55.

Texas Instruments Stock Up 2.2%

Texas Instruments stock traded up $4.39 during mid-day trading on Tuesday, hitting $205.78. The company's stock had a trading volume of 3,116,025 shares, compared to its average volume of 6,368,869. Texas Instruments Incorporated has a 52-week low of $139.95 and a 52-week high of $220.39. The company has a market cap of $186.95 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.26 and a quick ratio of 3.37. The firm's 50 day moving average is $177.98 and its 200 day moving average is $181.98.

Texas Instruments (NASDAQ:TXN - Get Free Report) last posted its quarterly 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 business 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%. The firm's quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $1.10 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post 5.35 earnings per share for the current 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. This represents a $5.44 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend was Wednesday, April 30th. Texas Instruments's payout ratio is currently 103.23%.

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.