Coldstream Capital Management Inc. boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,557 shares of the semiconductor company’s stock after acquiring an additional 2,056 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Texas Instruments were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. American Beacon Advisors Inc. acquired a new stake in shares of Texas Instruments in the 1st quarter valued at approximately $101,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 200 shares during the period. ClariVest Asset Management LLC lifted its holdings in shares of Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the period. Balentine LLC lifted its holdings in shares of Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in shares of Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 93 shares during the period. 83.63% of the stock is owned by institutional investors.
Several research firms have recently commented on TXN. Mizuho reissued a “hold” rating on shares of Texas Instruments in a report on Wednesday. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price target on shares of Texas Instruments in a report on Wednesday. Deutsche Bank AG raised their price target on Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday. Bank of America Corporation raised their price target on Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Nomura raised their price target on Texas Instruments from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $93.85.
In related news, insider Ellen Barker sold 15,000 shares of the stock in a transaction dated Monday, August 14th. The shares were 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 owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the stock in a transaction dated 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 transaction, the director now directly owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,301 shares of company stock valued at $16,107,756. 0.96% of the stock is owned by corporate insiders.
Texas Instruments Incorporated (TXN) opened at 97.50 on Friday. The company has a 50 day moving average price of $90.06 and a 200 day moving average price of $82.99. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $97.56. The firm has a market cap of $96.53 billion, a PE ratio of 24.39 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the company earned $0.94 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.14 earnings per share for the current year.
Texas Instruments declared that its board has initiated a stock buyback program on Thursday, September 21st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 74% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Monday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is presently 46.73%.
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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