Cumberland Partners Ltd acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 4,777 shares of the semiconductor company’s stock, valued at approximately $499,000.
A number of other institutional investors and hedge funds have also modified their holdings of TXN. Acrospire Investment Management LLC raised its position in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Texas Instruments in the 2nd quarter valued at $112,000. Westside Investment Management Inc. raised its position in Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares during the last quarter. Zions Bancorporation raised its position in Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Willingdon Wealth Management bought a new position in Texas Instruments in the 3rd quarter valued at $141,000. Hedge funds and other institutional investors own 84.30% of the company’s stock.
In other Texas Instruments news, COO Brian T. Crutcher sold 267,201 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.08, for a total value of $29,680,687.08. Following the completion of the transaction, the chief operating officer now directly owns 246,961 shares of the company’s stock, valued at $27,432,427.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mark A. Blinn sold 9,724 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $112.47, for a total value of $1,093,658.28. Following the completion of the transaction, the director now directly owns 10,178 shares of the company’s stock, valued at $1,144,719.66. The disclosure for this sale can be found here. Insiders sold 707,677 shares of company stock valued at $78,161,034 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 earnings per share. equities analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.43%. Texas Instruments’s dividend payout ratio is presently 68.89%.
TXN has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank of Canada restated an “outperform” rating and set a $127.00 target price (up previously from $112.00) on shares of Texas Instruments in a research report on Monday, January 22nd. Barclays boosted their target price on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Fifteen research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $109.65.
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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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