Investment Centers of America Inc. bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The institutional investor bought 3,075 shares of the semiconductor company’s stock, valued at approximately $248,000.
Several other institutional investors have also modified their holdings of TXN. BlackRock Inc. boosted 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. Jennison Associates LLC boosted 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 in the last quarter. Vanguard Group Inc. boosted 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 in the last quarter. American Century Companies Inc. boosted 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 in the last quarter. Finally, Henderson Group PLC boosted its stake in Texas Instruments by 1,054.2% in the first quarter. Henderson Group PLC now owns 1,498,951 shares of the semiconductor company’s stock worth $120,763,000 after buying an additional 1,369,077 shares in the last quarter. 84.64% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded up 0.5148% on Friday, hitting $80.7737. The company had a trading volume of 1,209,558 shares. The company has a market cap of $79.97 billion, a price-to-earnings ratio of 20.2035 and a beta of 1.21. The company has a 50 day moving average of $80.19 and a 200-day moving average of $79.63. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the company posted $0.76 EPS. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. On average, analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio is currently 50.51%.
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TXN has been the topic of a number of research reports. Barclays PLC lowered their price target on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Vetr cut Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target on the stock. in a report on Monday, April 24th. Rosenblatt Securities restated a “buy” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Wednesday, April 19th. BMO Capital Markets restated a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a report on Monday, April 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.96.
In related news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction on 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 sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the completion of the sale, the director now owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,905 shares of company stock worth $7,398,219. 0.96% of the stock is currently owned by corporate insiders.
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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