Cpcm LLC Has $425,000 Stake in Texas Instruments Incorporated (TXN)

Cpcm LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 26.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,279 shares of the semiconductor company’s stock after selling 1,908 shares during the period. Cpcm LLC’s holdings in Texas Instruments were worth $425,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Hudock Capital Group LLC boosted its position in Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock worth $159,000 after buying an additional 7 shares during the period. Tradewinds Capital Management LLC boosted its position in Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after buying an additional 8 shares during the period. Reynders McVeigh Capital Management LLC boosted its position in Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock worth $262,000 after buying an additional 25 shares during the period. Guardian Life Insurance Co. of America boosted its position in Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after buying an additional 26 shares during the period. Finally, RB Capital Management LLC boosted its position in Texas Instruments by 0.6% in the first quarter. RB Capital Management LLC now owns 5,177 shares of the semiconductor company’s stock worth $417,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.1961% during trading on Friday, hitting $80.3072. 1,413,391 shares of the stock traded hands. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The firm has a 50-day moving average of $80.63 and a 200-day moving average of $79.76. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 20.0868 and a beta of 1.21.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the company posted $0.76 earnings per share. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.

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A number of research analysts have recently issued reports on TXN shares. Vetr cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price for the company. in a research note on Monday, April 24th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $84.00 target price on shares of Texas Instruments in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $90.00 target price on shares of Texas Instruments in a research note on Tuesday, April 25th. B. Riley reiterated a “neutral” rating and issued a $83.00 target price on shares of Texas Instruments in a research note on Wednesday, April 26th. Finally, Cowen and Company lifted their target price on shares of Texas Instruments from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $85.96.

In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the sale, the director now directly owns 27,565 shares in the company, valued at $2,245,996.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock valued at $17,259,256 over the last 90 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.

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

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