Invictus RG Increases Stake in Texas Instruments Incorporated (TXN)

Invictus RG increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1,108.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,345 shares of the semiconductor company’s stock after buying an additional 2,151 shares during the period. Invictus RG’s holdings in Texas Instruments were worth $189,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Rathbone Brothers plc acquired a new stake in Texas Instruments during the first quarter valued at about $362,000. Forte Capital LLC ADV raised its stake in Texas Instruments by 0.5% in the first quarter. Forte Capital LLC ADV now owns 12,250 shares of the semiconductor company’s stock valued at $987,000 after buying an additional 58 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Texas Instruments by 2.5% in the first quarter. Gulf International Bank UK Ltd now owns 311,458 shares of the semiconductor company’s stock valued at $25,091,000 after buying an additional 7,600 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in Texas Instruments during the first quarter valued at about $256,000. Finally, Quadrant Capital Group LLC raised its stake in Texas Instruments by 2.5% in the first quarter. Quadrant Capital Group LLC now owns 4,760 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 114 shares during the last quarter. 84.71% of the stock is currently owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 79.97 on Friday. The company has a 50-day moving average of $80.72 and a 200 day moving average of $79.77. Texas Instruments Incorporated has a 12 month low of $66.30 and a 12 month high of $84.65. The company has a market capitalization of $79.17 billion, a P/E ratio of 20.00 and a beta of 1.21.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS 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 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 company earned $0.76 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders 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 annualized dividend and a dividend yield of 2.50%. Texas Instruments’s dividend payout ratio is presently 50.51%.

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TXN has been the subject of several recent research reports. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 price objective (up previously from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $84.00 price objective on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $90.00 price objective on shares of Texas Instruments in a research report on Tuesday, April 25th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Monday, April 24th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $85.96.

In other news, Director Carrie Smith Cox sold 14,000 shares of the business’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 sale, the director now owns 38,435 shares in the company, valued at approximately $3,161,278.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were 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 in the company, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock worth $17,259,256 in the last 90 days. 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.

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

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