Raymond James & Associates Has $307.13 Million Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Raymond James & Associates boosted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,578,823 shares of the semiconductor company’s stock after acquiring an additional 19,511 shares during the quarter. Raymond James & Associates’ holdings in Texas Instruments were worth $307,128,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TCW Group Inc. lifted its holdings in shares of Texas Instruments by 212.9% during the 2nd quarter. TCW Group Inc. now owns 38,251 shares of the semiconductor company’s stock valued at $7,441,000 after buying an additional 26,025 shares during the last quarter. McGlone Suttner Wealth Management Inc. raised its stake in shares of Texas Instruments by 34.7% in the 2nd quarter. McGlone Suttner Wealth Management Inc. now owns 1,794 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 462 shares in the last quarter. Tyche Wealth Partners LLC raised its stake in shares of Texas Instruments by 1.5% in the 2nd quarter. Tyche Wealth Partners LLC now owns 17,164 shares of the semiconductor company’s stock valued at $3,339,000 after acquiring an additional 252 shares in the last quarter. Everpar Advisors LLC raised its stake in shares of Texas Instruments by 39.9% in the 2nd quarter. Everpar Advisors LLC now owns 3,599 shares of the semiconductor company’s stock valued at $700,000 after acquiring an additional 1,026 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Texas Instruments by 42.3% in the 2nd quarter. Gradient Investments LLC now owns 555 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 165 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Price Performance

TXN stock traded down $1.40 during trading on Friday, hitting $200.53. The company had a trading volume of 4,236,423 shares, compared to its average volume of 5,522,879. The company has a fifty day moving average price of $197.16 and a two-hundred day moving average price of $182.69. The company has a current ratio of 4.62, a quick ratio of 3.49 and a debt-to-equity ratio of 0.75. The company has a market cap of $182.58 billion, a P/E ratio of 31.28, a P/E/G ratio of 4.25 and a beta of 0.99. Texas Instruments Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $210.84.

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

Texas Instruments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Shareholders of record on Wednesday, July 31st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend was Wednesday, July 31st. Texas Instruments’s dividend payout ratio is currently 81.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Evercore ISI raised their price objective on Texas Instruments from $213.00 to $225.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Susquehanna raised their price objective on Texas Instruments from $205.00 to $250.00 and gave the company a “positive” rating in a research note on Wednesday, July 17th. Truist Financial raised their price objective on Texas Instruments from $167.00 to $203.00 and gave the company a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company initiated coverage on Texas Instruments in a research report on Thursday, May 16th. They issued an “underweight” rating and a $150.00 price target on the stock. Finally, Robert W. Baird lifted their price target on Texas Instruments from $175.00 to $200.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 24th. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $198.64.

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.