Raymond James & Associates Has $271.65 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Raymond James & Associates decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,559,312 shares of the semiconductor company’s stock after selling 119,431 shares during the quarter. Raymond James & Associates’ holdings in Texas Instruments were worth $271,648,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Texas Instruments in the fourth quarter worth $1,649,592,000. Morgan Stanley boosted its stake in Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. California Public Employees Retirement System boosted its stake in Texas Instruments by 33.2% in the fourth quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Texas Instruments by 565.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares during the period. Finally, Baillie Gifford & Co. lifted its stake in shares of Texas Instruments by 338.4% during the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Trading Up 1.3 %

Shares of Texas Instruments stock traded up $2.23 during trading hours on Friday, hitting $177.48. The company’s stock had a trading volume of 5,401,860 shares, compared to its average volume of 5,477,503. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The stock has a 50 day moving average of $169.29 and a 200 day moving average of $162.29. The company has a market capitalization of $161.59 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.79 and a beta of 1.04. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.91 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 35.28% and a net margin of 35.16%. The company had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.

Texas Instruments Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Wednesday, May 8th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, May 7th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.93%. Texas Instruments’s payout ratio is presently 81.12%.

Wall Street Analysts Forecast Growth

TXN has been the topic of several research reports. Truist Financial upped their price target on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Mizuho upped their price target on Texas Instruments from $164.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday. Robert W. Baird upped their price target on Texas Instruments from $125.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday. Susquehanna upped their price target on Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, Evercore ISI upped their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $180.74.

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.