Epoch Investment Partners Inc. reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,412,591 shares of the semiconductor company’s stock after selling 386,597 shares during the period. Epoch Investment Partners Inc. owned approximately 0.24% of Texas Instruments worth $194,358,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. ClariVest Asset Management LLC increased its stake 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 period. Balentine LLC increased its stake in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the period. TCI Wealth Advisors Inc. increased its stake 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 period. Westside Investment Management Inc. increased its stake in shares of Texas Instruments by 9.1% in the first quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock worth $116,000 after buying an additional 121 shares during the period. Finally, Lee Financial Co increased its stake in shares of 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 period. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) opened at 79.97 on Friday. The firm’s 50-day moving average is $80.72 and its 200-day moving average is $79.77. The company has a market capitalization of $79.17 billion, a PE ratio of 20.00 and a beta of 1.21. 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 data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were paid a dividend of $0.50 per share. 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 presently 50.51%.
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A number of brokerages have recently commented on TXN. B. Riley reiterated a “neutral” rating and set a $89.00 price objective on shares of Texas Instruments in a research 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 research report on Thursday, July 27th. Morgan Stanley reiterated an “equal weight” rating and set a $83.00 price objective (up previously from $78.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Barclays PLC cut their price objective on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Finally, Loop Capital reiterated a “hold” rating and set a $84.00 price objective (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 given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $85.96.
In related news, insider Kevin J. Ritchie sold 105,396 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were 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 approximately $20,662,370.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the transaction, the director now owns 38,435 shares in the company, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. Insiders have sold a total of 211,301 shares of company stock worth $17,259,256 over 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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