Spirit of America Management Corp NY Maintains Position in Texas Instruments Incorporated (TXN)

Spirit of America Management Corp NY held its stake in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,525 shares of the semiconductor company’s stock at the end of the second quarter. Spirit of America Management Corp NY’s holdings in Texas Instruments were worth $1,271,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 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 during the last quarter. Jennison Associates LLC raised its stake in Texas Instruments by 370.0% in the first quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock worth $650,997,000 after buying an additional 6,361,577 shares during the last quarter. Vanguard Group Inc. raised its stake in Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after buying an additional 3,551,400 shares during the last quarter. American Century Companies Inc. raised its stake in Texas Instruments by 252.0% in the first quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock worth $269,580,000 after buying an additional 2,395,581 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares during the last quarter. Institutional investors and hedge funds own 84.71% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.22% during trading on Friday, hitting $79.97. 3,626,698 shares of the stock traded hands. The company has a market cap of $79.17 billion, a PE 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 one year low of $66.30 and a one year high of $84.65.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors 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 yield of 2.50%. Texas Instruments’s payout ratio is currently 50.51%.

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TXN has been the topic of a number of recent research reports. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and set a $83.00 price target (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $86.00 price target (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company increased their price target on Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC increased their price target on Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $85.96.

In related news, insider Ellen Barker sold 15,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $81.87, for a total value of $1,228,050.00. Following the sale, the insider now owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $8,632,986.36. Following the completion of the sale, the insider now directly owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. In the last three months, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is currently 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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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