Sadoff Investment Management LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 15.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 392,403 shares of the semiconductor company’s stock after selling 69,138 shares during the quarter. Texas Instruments makes up 3.3% of Sadoff Investment Management LLC’s holdings, making the stock its 12th biggest position. Sadoff Investment Management LLC’s holdings in Texas Instruments were worth $40,983,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Acrospire Investment Management LLC lifted its stake in shares of Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after buying an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Texas Instruments in the second quarter worth about $112,000. Westside Investment Management Inc. lifted its stake in shares of Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after buying an additional 100 shares in the last quarter. Zions Bancorporation lifted its stake in shares of Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after buying an additional 1,410 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new position in shares of Texas Instruments in the third quarter worth about $141,000. Institutional investors and hedge funds own 84.30% of the company’s stock.
Several equities analysts have recently weighed in on TXN shares. Drexel Hamilton reissued a “buy” rating and issued a $110.00 price target (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and issued a $110.00 price target (up from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. 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 research note on Wednesday, October 25th. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $112.00 price target on shares of Texas Instruments in a research note on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $109.65.
Texas Instruments Incorporated (TXN) opened at $101.98 on Thursday. The company has a market cap of $104,341.30, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. Texas Instruments Incorporated has a 52 week low of $74.52 and a 52 week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. equities analysts predict that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
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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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