CIBC Private Wealth Group LLC Has $305.21 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

CIBC Private Wealth Group LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,614,968 shares of the semiconductor company’s stock after buying an additional 24,797 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Texas Instruments were worth $305,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atlas Private Wealth Advisors grew its holdings in Texas Instruments by 512.5% in the 1st quarter. Atlas Private Wealth Advisors now owns 147 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 123 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $30,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Curi Capital acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $30,000. Finally, Encompass Wealth Advisors LLC acquired a new stake in shares of Texas Instruments during the 4th quarter worth approximately $30,000. 83.00% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on TXN shares. Susquehanna Bancshares lifted their price objective on Texas Instruments from $200.00 to $220.00 and gave the stock a “positive” rating in a report on Wednesday, April 28th. Susquehanna lifted their price objective on Texas Instruments from $200.00 to $220.00 and gave the stock a “positive” rating in a report on Wednesday, April 28th. KeyCorp lifted their price objective on Texas Instruments from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, April 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Instruments from $170.00 to $185.00 and gave the stock a “hold” rating in a report on Wednesday, April 28th. Finally, Jefferies Financial Group raised their target price on Texas Instruments from $206.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seventeen have given a buy rating to the stock. Texas Instruments has a consensus rating of “Hold” and an average price target of $189.23.

TXN traded down $0.14 during trading on Friday, hitting $187.86. The company’s stock had a trading volume of 33,604 shares, compared to its average volume of 4,711,128. The company has a market capitalization of $173.49 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 2.75 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $120.80 and a 12 month high of $197.58. The company has a quick ratio of 5.01, a current ratio of 6.12 and a debt-to-equity ratio of 0.61. The company’s 50 day moving average price is $187.21.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 27th. The semiconductor company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.31. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $3.98 billion. Texas Instruments had a return on equity of 69.92% and a net margin of 40.04%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.14 earnings per share. As a group, analysts predict that Texas Instruments Incorporated will post 7.36 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 17th. Stockholders of record on Monday, May 3rd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, April 30th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.17%. Texas Instruments’s payout ratio is currently 68.34%.

Texas Instruments Company Profile

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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