Oppenheimer Asset Management Inc. Has $18.46 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

Oppenheimer Asset Management Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,710 shares of the semiconductor company’s stock after selling 3,376 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Texas Instruments were worth $18,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Mizuho Securities USA LLC lifted its stake in shares of Texas Instruments by 46.0% in the 4th quarter. Mizuho Securities USA LLC now owns 86,457 shares of the semiconductor company’s stock valued at $16,212,000 after purchasing an additional 27,251 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Texas Instruments in the 4th quarter valued at $6,544,000. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Texas Instruments by 2.1% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 358,784 shares of the semiconductor company’s stock valued at $67,276,000 after purchasing an additional 7,500 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Texas Instruments by 33.4% in the 4th quarter. Brighton Jones LLC now owns 16,840 shares of the semiconductor company’s stock valued at $3,158,000 after purchasing an additional 4,218 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd lifted its stake in shares of Texas Instruments by 7.4% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 2,390 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Trading Down 0.1%

Shares of Texas Instruments stock opened at $198.20 on Monday. Texas Instruments Incorporated has a 1 year low of $139.95 and a 1 year high of $220.39. The company has a current ratio of 5.26, a quick ratio of 3.37 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $180.06 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.23 and a beta of 1.00. The firm’s 50 day moving average is $176.97 and its 200 day moving average is $181.93.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.22. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The firm had revenue of $4.07 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the company earned $1.10 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 13th. Shareholders of record on Wednesday, April 30th were issued a dividend of $1.36 per share. The ex-dividend date was Wednesday, April 30th. This represents a $5.44 annualized dividend and a yield of 2.74%. Texas Instruments’s payout ratio is 103.23%.

Wall Street Analysts Forecast Growth

TXN has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on shares of Texas Instruments from $200.00 to $160.00 and set a “hold” rating for the company in a research note on Thursday, April 17th. Argus raised shares of Texas Instruments to a “strong-buy” rating in a research note on Friday, April 25th. Mizuho set a $170.00 price objective on shares of Texas Instruments in a research note on Thursday, April 24th. DZ Bank raised shares of Texas Instruments from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research report on Friday, April 25th. Finally, KeyCorp cut their target price on shares of Texas Instruments from $250.00 to $215.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Texas Instruments currently has a consensus rating of “Hold” and an average price target of $190.55.

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.