Schroder Investment Management Group grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017,251 shares of the semiconductor company’s stock after acquiring an additional 5,650 shares during the period. Schroder Investment Management Group owned 0.10% of Texas Instruments worth $91,198,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Beacon Advisors Inc. acquired a new stake in Texas Instruments in the first quarter valued at approximately $101,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares in the last quarter. MV Capital Management Inc. boosted its stake in Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 93 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares in the last quarter. Finally, American National Bank boosted its stake in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.
TXN has been the subject of several recent analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Robert W. Baird raised their price target on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank raised their price target on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America raised their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $93.85.
Texas Instruments Incorporated (TXN) opened at $97.18 on Friday. The firm has a market cap of $95,885.19, a PE ratio of 23.96, a P/E/G ratio of 2.32 and a beta of 1.27. Texas Instruments Incorporated has a 52-week low of $69.92 and a 52-week high of $99.79. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. Texas Instruments’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.94 earnings per share. analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a yield of 2.55%. Texas Instruments’s payout ratio is presently 57.94%.
Texas Instruments announced that its board has initiated a share repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
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Texas Instruments 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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