Karpas Strategies LLC maintained its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent filing with the SEC. The firm owned 47,935 shares of the semiconductor company’s stock at the end of the second quarter. Texas Instruments comprises 1.7% of Karpas Strategies LLC’s holdings, making the stock its 21st largest position. Karpas Strategies LLC’s holdings in Texas Instruments were worth $3,688,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the stock. Beacon Financial Group boosted its stake in shares of Texas Instruments by 6.2% in the first quarter. Beacon Financial Group now owns 20,089 shares of the semiconductor company’s stock valued at $1,628,000 after buying an additional 1,180 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Texas Instruments by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 867,938 shares of the semiconductor company’s stock worth $69,921,000 after buying an additional 26,948 shares in the last quarter. Rathbone Brothers plc acquired a new position in Texas Instruments during the first quarter worth approximately $362,000. CENTRAL TRUST Co raised its stake in shares of Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock worth $2,707,000 after buying an additional 90 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its stake in shares of Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock worth $12,498,000 after buying an additional 7,293 shares during the last quarter. Institutional investors and hedge funds own 84.71% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at 79.97 on Friday. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The firm’s 50-day moving average is $80.72 and its 200 day moving average is $79.77. The firm has a market cap of $79.17 billion, a PE ratio of 20.00 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a $0.50 dividend. The ex-dividend date was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.
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A number of analysts recently issued reports on the company. B. Riley reiterated a “neutral” rating and set a $89.00 price objective on shares of Texas Instruments in a report on Monday, July 31st. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $83.00 target price (up from $78.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Barclays PLC cut their price target on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 price target (up from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus target price of $85.96.
In related news, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ellen Barker sold 15,000 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the sale, the insider now directly owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is currently 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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