Avantax Advisory Services Inc. Purchases 16,709 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Key Points

• Avantax Advisory Services Inc. increased its stake in Texas Instruments by 30.2% during the first quarter, now owning 72,040 shares valued at approximately $12.95 million.
• Texas Instruments announced a quarterly dividend of $1.36 per share, with a dividend yield of 2.94%, to be paid on August 12th.
• Analysts have mixed ratings for Texas Instruments, with an average rating of "Hold" and a consensus target price of $211.40.

Avantax Advisory Services Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,040 shares of the semiconductor company's stock after buying an additional 16,709 shares during the period. Avantax Advisory Services Inc.'s holdings in Texas Instruments were worth $12,946,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of TXN. Geode Capital Management LLC increased its holdings in Texas Instruments by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 21,554,142 shares of the semiconductor company's stock valued at $4,032,599,000 after buying an additional 267,352 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Texas Instruments by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 12,706,971 shares of the semiconductor company's stock valued at $2,382,684,000 after acquiring an additional 822,797 shares during the period. Invesco Ltd. raised its position in shares of Texas Instruments by 15.4% during the 4th quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company's stock worth $2,230,086,000 after purchasing an additional 1,587,036 shares during the last quarter. Northern Trust Corp raised its position in shares of Texas Instruments by 12.2% during the 4th quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company's stock worth $1,949,731,000 after purchasing an additional 1,132,187 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Texas Instruments by 3.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,062,604 shares of the semiconductor company's stock worth $1,511,819,000 after purchasing an additional 288,672 shares during the last quarter. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.25 on Tuesday, reaching $191.50. 2,097,043 shares of the company's stock traded hands, compared to its average volume of 7,359,778. The stock has a market cap of $173.97 billion, a PE ratio of 35.09, a P/E/G ratio of 3.03 and a beta of 1.03. Texas Instruments Incorporated has a 12 month low of $139.95 and a 12 month high of $221.69. 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 stock has a 50-day simple moving average of $200.32 and a 200 day simple moving average of $185.42.

Texas Instruments (NASDAQ:TXN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.09. Texas Instruments had a return on equity of 30.10% and a net margin of 30.23%. The company had revenue of $4.45 billion during the quarter, compared to analyst estimates of $4.31 billion. During the same quarter last year, the firm posted $1.17 earnings per share. The firm's revenue was up 16.4% on a year-over-year basis. As a group, research analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Texas Instruments Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 12th. Stockholders of record on Thursday, July 31st will be given a $1.36 dividend. This represents a $5.44 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Thursday, July 31st. Texas Instruments's dividend payout ratio is presently 99.63%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TXN. The Goldman Sachs Group began coverage on shares of Texas Instruments in a research note on Thursday, July 10th. They set a "buy" rating and a $255.00 price objective for the company. BNP Paribas raised shares of Texas Instruments to a "strong sell" rating in a research report on Wednesday, July 23rd. Cantor Fitzgerald restated a "neutral" rating on shares of Texas Instruments in a research report on Tuesday, July 22nd. Argus upgraded shares of Texas Instruments to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein upgraded shares of Texas Instruments from a "strong sell" rating to a "hold" rating in a report on Thursday, June 5th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Texas Instruments has an average rating of "Hold" and a consensus target price of $212.21.

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.