Probity Advisors Inc. cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,362 shares of the semiconductor company’s stock after selling 371 shares during the period. Probity Advisors Inc.’s holdings in Texas Instruments were worth $1,238,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of TXN. ClariVest Asset Management LLC boosted its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the last quarter. Perigon Wealth Management LLC purchased a new position in Texas Instruments during the fourth quarter worth about $111,000. Lee Financial Co boosted its position in Texas Instruments by 3.4% in the first quarter. Lee Financial Co now owns 1,460 shares of the semiconductor company’s stock worth $118,000 after buying an additional 48 shares during the last quarter. Finally, Norway Savings Bank boosted its position in Texas Instruments by 16.0% in the first quarter. Norway Savings Bank now owns 1,508 shares of the semiconductor company’s stock worth $121,000 after buying an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.22% on Friday, reaching $79.97. The company had a trading volume of 3,626,698 shares. The firm has a market capitalization of $79.17 billion, a P/E ratio of 20.00 and a beta of 1.21. The company’s 50-day moving average price is $80.72 and its 200 day moving average price is $79.77. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. Texas Instruments’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.50 dividend. 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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A number of equities research analysts have recently weighed in on the company. Drexel Hamilton reissued a “buy” rating and issued a $93.00 target price on shares of Texas Instruments in a research note on Wednesday, April 26th. Royal Bank Of Canada boosted their target price on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Instinet reissued a “neutral” rating and issued a $75.00 target price (up previously from $70.00) on shares of Texas Instruments in a research note on Saturday, April 29th. UBS AG reissued a “buy” rating and issued a $93.00 target price (up previously from $91.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 price target (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One equities research 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. The company currently has an average rating of “Buy” and an average target price of $85.96.
In related news, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the completion of the transaction, the insider now owns 252,257 shares of the company’s stock, valued at approximately $20,662,370.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is owned by 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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