Thrivent Financial For Lutherans lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,036,350 shares of the semiconductor company’s stock after selling 1,380 shares during the period. Thrivent Financial For Lutherans owned 0.10% of Texas Instruments worth $83,486,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Beacon Financial Group increased its position in shares of Texas Instruments by 6.2% in the first quarter. Beacon Financial Group now owns 20,089 shares of the semiconductor company’s stock valued at $1,628,000 after buying an additional 1,180 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Texas Instruments by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 867,938 shares of the semiconductor company’s stock worth $69,921,000 after buying an additional 26,948 shares in the last quarter. Rathbone Brothers plc bought a new position in shares of Texas Instruments during the first quarter worth $362,000. CENTRAL TRUST Co increased its stake in Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock worth $2,707,000 after buying an additional 90 shares during the period. Finally, Manning & Napier Advisors LLC increased its stake in Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock worth $12,498,000 after buying an additional 7,293 shares during the period. 84.71% of the stock is owned by hedge funds and other institutional investors.
Texas Instruments Incorporated (TXN) opened at 79.97 on Friday. The stock has a market capitalization of $79.17 billion, a P/E ratio of 20.00 and a beta of 1.21. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The firm’s 50-day moving average is $80.72 and its 200-day moving average is $79.77.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. Analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.
A number of research analysts recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $83.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Drexel Hamilton boosted their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Jefferies Group LLC upped their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Cowen and Company reiterated a “market perform” rating and issued a $85.00 price target (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Barclays PLC cut their price objective on shares of Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments presently has an average rating of “Buy” and an average price target of $85.96.
In other news, insider Ellen Barker sold 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock valued at $17,259,256. Company insiders own 0.96% of the company’s stock.
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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