Amalgamated Bank cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 30.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 76,105 shares of the semiconductor company’s stock after selling 32,763 shares during the period. Amalgamated Bank’s holdings in Texas Instruments were worth $6,131,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in TXN. United Capital Financial Advisers LLC raised its stake in Texas Instruments by 3.6% in the first quarter. United Capital Financial Advisers LLC now owns 72,376 shares of the semiconductor company’s stock worth $5,831,000 after buying an additional 2,526 shares in the last quarter. BlackRock Inc. raised its stake in Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares in the last quarter. Harfst & Associates Inc. bought a new stake in Texas Instruments during the first quarter worth $321,000. Lazard Asset Management LLC raised its stake in Texas Instruments by 34.1% in the first quarter. Lazard Asset Management LLC now owns 481,106 shares of the semiconductor company’s stock worth $38,756,000 after buying an additional 122,304 shares in the last quarter. Finally, Northside Capital Management LLC raised its stake in Texas Instruments by 1.7% in the first quarter. Northside Capital Management LLC now owns 334,903 shares of the semiconductor company’s stock worth $26,980,000 after buying an additional 5,710 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at 79.97 on Friday. Texas Instruments Incorporated has a 12 month low of $66.30 and a 12 month high of $84.65. The firm has a market capitalization of $79.17 billion, a price-to-earnings ratio of 20.00 and a beta of 1.21. The firm’s 50-day moving average is $80.72 and its 200 day moving average is $79.77.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS. Equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The firm also recently disclosed 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 of this dividend was Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio is currently 50.51%.
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A number of brokerages have recently issued reports on TXN. B. Riley reaffirmed a “neutral” rating and set a $83.00 price target on shares of Texas Instruments in a research report on Wednesday, April 26th. Drexel Hamilton upped their price target on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Jefferies Group LLC upped their target price on Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Cowen and Company reissued a “market perform” rating and issued a $85.00 target price (up from $82.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Barclays PLC cut their target price on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $85.96.
In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s 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 sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock worth $17,259,256 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.
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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