Cetera Advisor Networks LLC Buys 3,972 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cetera Advisor Networks LLC grew its stake in Texas Instruments Incorporated (NASDAQ:TXNGet Rating) by 13.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,845 shares of the semiconductor company’s stock after purchasing an additional 3,972 shares during the period. Cetera Advisor Networks LLC’s holdings in Texas Instruments were worth $5,047,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Cetera Advisors LLC boosted its holdings in shares of Texas Instruments by 1.4% in the 2nd quarter. Cetera Advisors LLC now owns 13,811 shares of the semiconductor company’s stock worth $2,122,000 after acquiring an additional 186 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in shares of Texas Instruments by 24.6% in the 2nd quarter. Checchi Capital Advisers LLC now owns 12,371 shares of the semiconductor company’s stock worth $2,213,000 after acquiring an additional 2,441 shares in the last quarter. King Luther Capital Management Corp boosted its holdings in shares of Texas Instruments by 24.8% in the 2nd quarter. King Luther Capital Management Corp now owns 68,889 shares of the semiconductor company’s stock worth $10,585,000 after acquiring an additional 13,683 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Texas Instruments by 7.6% in the 2nd quarter. Naples Global Advisors LLC now owns 24,708 shares of the semiconductor company’s stock worth $3,796,000 after acquiring an additional 1,750 shares in the last quarter. Finally, VELA Investment Management LLC acquired a new position in shares of Texas Instruments in the 2nd quarter worth approximately $377,000. 83.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TXN has been the topic of several research reports. Sanford C. Bernstein reduced their price objective on Texas Instruments to $145.00 in a report on Thursday, October 27th. Cowen reduced their price objective on Texas Instruments from $170.00 to $160.00 in a report on Wednesday, October 26th. The Goldman Sachs Group reduced their price objective on Texas Instruments to $153.00 in a report on Thursday, October 27th. Cowen reduced their price objective on Texas Instruments from $170.00 to $160.00 in a report on Wednesday, October 26th. Finally, Barclays raised Texas Instruments from an “underweight” rating to an “equal weight” rating and set a $150.00 price objective on the stock in a report on Monday, October 24th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $174.70.

Texas Instruments Price Performance

TXN stock opened at $177.22 on Wednesday. The stock has a 50-day moving average price of $162.88 and a two-hundred day moving average price of $165.27. The stock has a market cap of $160.84 billion, a PE ratio of 18.58, a price-to-earnings-growth ratio of 1.99 and a beta of 0.99. The company has a current ratio of 4.92, a quick ratio of 4.06 and a debt-to-equity ratio of 0.51. Texas Instruments Incorporated has a 1 year low of $144.46 and a 1 year high of $199.90.

Texas Instruments (NASDAQ:TXNGet Rating) last released its earnings results on Tuesday, October 25th. The semiconductor company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.37 by $0.08. The firm had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.10 billion. Texas Instruments had a return on equity of 63.68% and a net margin of 44.21%. Equities analysts forecast that Texas Instruments Incorporated will post 9.27 EPS for the current fiscal year.

Texas Instruments Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 15th. Shareholders of record on Monday, October 31st were issued a dividend of $1.24 per share. This represents a $4.96 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Friday, October 28th. This is a boost from Texas Instruments’s previous quarterly dividend of $1.15. Texas Instruments’s dividend payout ratio is 51.99%.

Texas Instruments declared that its board has authorized a stock buyback plan on Thursday, September 15th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 10.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Texas Instruments

In other news, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Ahmad Bahai sold 1,109 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Janet F. Clark sold 9,990 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $175.16, for a total transaction of $1,749,848.40. Following the completion of the sale, the director now owns 8,942 shares of the company’s stock, valued at $1,566,280.72. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.

About Texas Instruments

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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, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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