Cambridge Investment Research Advisors Inc. Acquires 3,545 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,552 shares of the semiconductor company’s stock after purchasing an additional 3,545 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Texas Instruments were worth $24,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new position in Texas Instruments during the fourth quarter valued at $26,000. Scarborough Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter worth approximately $26,000. Westend Capital Management LLC purchased a new stake in shares of Texas Instruments during the 1st quarter valued at $31,000. Pacific Capital Wealth Advisors Inc. acquired a new position in Texas Instruments in the 4th quarter worth approximately $31,000. Finally, Norwood Financial Corp purchased a new stake in shares of Texas Instruments in the 1st quarter valued at $32,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Price Performance

NASDAQ TXN traded up $2.44 during trading on Tuesday, hitting $210.69. 4,312,246 shares of the stock traded hands, compared to its average volume of 5,543,911. The firm has a 50-day simple moving average of $198.25 and a 200-day simple moving average of $184.81. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $211.11. The company has a quick ratio of 3.49, a current ratio of 4.62 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $192.37 billion, a P/E ratio of 32.76, a price-to-earnings-growth ratio of 4.43 and a beta of 0.99.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.06. Texas Instruments had a return on equity of 31.10% and a net margin of 33.01%. The firm had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $3.82 billion. During the same period in the prior year, the business posted $1.87 earnings per share. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.11 EPS for the current year.

Texas Instruments Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Wednesday, July 31st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $5.20 annualized dividend and a dividend yield of 2.47%. Texas Instruments’s payout ratio is currently 81.12%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. KeyCorp upped their target price on Texas Instruments from $200.00 to $250.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Texas Instruments from $195.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $210.00 target price on shares of Texas Instruments in a research note on Wednesday, August 21st. The Goldman Sachs Group raised their price target on Texas Instruments from $157.00 to $176.00 and gave the stock a “sell” rating in a research report on Wednesday, July 24th. Finally, Citigroup raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price target for the company from $200.00 to $235.00 in a research report on Wednesday, August 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $201.95.

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.