Nisa Investment Advisors LLC lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 500,992 shares of the semiconductor company’s stock after selling 22,037 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Texas Instruments worth $38,853,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Texas Instruments during the first quarter valued at $101,000. ClariVest Asset Management LLC increased its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the period. Balentine LLC increased its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares during the period. TCI Wealth Advisors Inc. increased its position in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares during the period. Finally, American National Bank increased its position in shares of Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 1,359 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.22% on Friday, hitting $79.97. The company had a trading volume of 3,626,698 shares. The company has a market capitalization of $79.17 billion, a P/E ratio of 20.00 and a beta of 1.21. The firm has a 50-day moving average price of $80.72 and a 200 day moving average price of $79.77. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the business posted $0.76 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. Texas Instruments’s payout ratio is 50.51%.
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Several equities analysts have recently issued reports on the stock. B. Riley reissued a “neutral” rating and set a $83.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $86.00 price objective (up previously from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Mizuho reaffirmed a “neutral” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Texas Instruments in a report on Saturday, April 29th. Cowen and Company reaffirmed a “market perform” rating and issued a $85.00 price objective (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $84.00 price objective (up previously from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Texas Instruments has an average rating of “Buy” and an average target price of $85.96.
In other news, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the transaction, the insider now owns 252,257 shares in the company, valued at $20,662,370.87. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the transaction, the director now owns 27,565 shares in the company, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. Insiders have sold 211,301 shares of company stock worth $17,259,256 in the last 90 days. Company insiders own 0.96% of the company’s stock.
Texas Instruments Company Profile
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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