Thrivent Financial For Lutherans lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,350 shares of the semiconductor company’s stock after selling 1,380 shares during the period. Thrivent Financial For Lutherans owned approximately 0.10% of Texas Instruments worth $83,486,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC raised its position 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 valued at $650,997,000 after buying an additional 6,361,577 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 in the last quarter. Henderson Group PLC raised 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. FMR LLC raised its stake in Texas Instruments by 12.3% in the first quarter. FMR LLC now owns 12,172,327 shares of the semiconductor company’s stock worth $980,603,000 after buying an additional 1,328,606 shares in the last quarter. Finally, Swiss National Bank raised its stake in Texas Instruments by 26.7% in the first quarter. Swiss National Bank now owns 3,541,494 shares of the semiconductor company’s stock worth $285,303,000 after buying an additional 747,300 shares in the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Texas Instruments Incorporated (TXN) traded up 0.66% during mid-day trading on Friday, reaching $80.89. The company’s stock had a trading volume of 3,426,144 shares. The stock has a market capitalization of $80.08 billion, a P/E ratio of 20.23 and a beta of 1.21. The company has a 50 day moving average price of $80.24 and a 200 day moving average price of $79.66. 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 earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the company earned $0.76 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s payout ratio is presently 50.51%.
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A number of equities research analysts have issued reports on TXN shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a research report on Monday, April 17th. Vetr lowered Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price on the stock. in a research report on Tuesday, April 18th. Rosenblatt Securities reissued a “buy” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 19th. Royal Bank Of Canada reissued an “outperform” rating and set a $84.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Finally, Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.96.
In other Texas Instruments news, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction dated 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 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 90,905 shares of company stock valued at $7,398,219. 0.96% of the stock is owned by corporate 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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