Brown Advisory Securities LLC lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,874 shares of the semiconductor company’s stock after selling 22 shares during the period. Brown Advisory Securities LLC’s holdings in Texas Instruments were worth $312,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. Private Bank & Trust Co. bought a new stake in Texas Instruments during the first quarter valued at approximately $213,000. Hall Laurie J Trustee boosted its stake in Texas Instruments by 8.1% in the first quarter. Hall Laurie J Trustee now owns 2,540 shares of the semiconductor company’s stock valued at $203,000 after buying an additional 190 shares in the last quarter. Honkamp Krueger Financial Services Inc. boosted its stake in Texas Instruments by 241.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 10,069 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 7,123 shares in the last quarter. TNB Financial acquired a new stake in Texas Instruments during the first quarter worth about $231,000. Finally, Legacy Private Trust Co. boosted its stake in Texas Instruments by 21.7% in the first quarter. Legacy Private Trust Co. now owns 73,098 shares of the semiconductor company’s stock worth $5,889,000 after buying an additional 13,027 shares during the period. Institutional investors and hedge funds own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 79.97 on Friday. The company has a market cap of $79.17 billion, a price-to-earnings ratio of 20.00 and a beta of 1.21. Texas Instruments Incorporated has a one year low of $66.30 and a one year high of $84.65. The firm has a 50-day moving average of $80.72 and a 200 day moving average of $79.77.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the business earned $0.76 earnings per share. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. Equities research analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.
A number of research firms have issued reports on TXN. B. Riley reiterated a “neutral” rating and issued a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research note on Thursday, July 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $83.00 target price (up from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Barclays PLC reduced their target price on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Finally, Loop Capital reiterated a “hold” rating and issued a $84.00 target price (up from $79.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. Texas Instruments has an average rating of “Buy” and a consensus target price of $85.96.
In related news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $81.87, for a total value of $1,228,050.00. Following the completion of the transaction, the insider now owns 45,697 shares in the company, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock worth $17,259,256 in the last 90 days. 0.96% of the stock is owned by company insiders.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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