Cetera Advisor Networks LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,283 shares of the semiconductor company’s stock after selling 2,387 shares during the period. Cetera Advisor Networks LLC’s holdings in Texas Instruments were worth $1,411,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the business. Cordasco Financial Network acquired a new position in Texas Instruments during the first quarter valued at approximately $27,000. CX Institutional lifted its position in Texas Instruments by 95.9% during the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares in the last quarter. Highwater Wealth Management LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $34,000. Intercontinental Wealth Advisors LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $40,000. Finally, Essex Savings Bank acquired a new position in Texas Instruments during the fourth quarter valued at approximately $42,000. 86.72% of the stock is currently owned by institutional investors.
Shares of NASDAQ:TXN opened at $109.04 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. The firm has a market capitalization of $101.96 billion, a P/E ratio of 20.12, a P/E/G ratio of 2.05 and a beta of 1.20. Texas Instruments Incorporated has a 12-month low of $87.70 and a 12-month high of $119.32.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.09. The business had revenue of $3.59 billion during the quarter, compared to analyst estimates of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The business’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 6th will be paid a $0.77 dividend. The ex-dividend date is Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.82%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.83%.
In related news, Chairman Richard K. Templeton sold 475,000 shares of Texas Instruments stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $117.38, for a total value of $55,755,500.00. Following the completion of the sale, the chairman now owns 930,287 shares in the company, valued at $109,197,088.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Ahmad Bahai sold 5,165 shares of Texas Instruments stock in a transaction on Friday, February 15th. The stock was sold at an average price of $107.30, for a total transaction of $554,204.50. Following the completion of the sale, the vice president now owns 41,911 shares of the company’s stock, valued at approximately $4,497,050.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 948,656 shares of company stock valued at $110,460,121. Insiders own 0.89% of the company’s stock.
TXN has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. Robert W. Baird reiterated a “hold” rating and set a $115.00 price objective on shares of Texas Instruments in a research note on Wednesday, January 23rd. Deutsche Bank dropped their price objective on shares of Texas Instruments to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 24th. SunTrust Banks lifted their price objective on shares of Texas Instruments from $93.00 to $103.00 and gave the company a “hold” rating in a research note on Thursday, January 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $105.00 price objective (down previously from $120.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $111.18.
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About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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