Spectrum Management Group Inc. Buys 710 Shares of Texas Instruments Incorporated (TXN)

Spectrum Management Group Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37,022 shares of the semiconductor company’s stock after acquiring an additional 710 shares during the quarter. Texas Instruments makes up about 1.3% of Spectrum Management Group Inc.’s portfolio, making the stock its 9th biggest holding. Spectrum Management Group Inc.’s holdings in Texas Instruments were worth $3,867,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. KBC Group NV increased its holdings in Texas Instruments by 28.9% in the 4th quarter. KBC Group NV now owns 668,537 shares of the semiconductor company’s stock valued at $69,822,000 after buying an additional 149,885 shares during the period. California Public Employees Retirement System increased its holdings in Texas Instruments by 2.0% in the 4th quarter. California Public Employees Retirement System now owns 2,569,511 shares of the semiconductor company’s stock valued at $268,360,000 after buying an additional 49,783 shares during the period. Dubuque Bank & Trust Co. increased its holdings in Texas Instruments by 67.3% in the 4th quarter. Dubuque Bank & Trust Co. now owns 67,524 shares of the semiconductor company’s stock valued at $7,052,000 after buying an additional 27,169 shares during the period. SFE Investment Counsel increased its holdings in Texas Instruments by 6.6% in the 4th quarter. SFE Investment Counsel now owns 9,560 shares of the semiconductor company’s stock valued at $998,000 after buying an additional 595 shares during the period. Finally, Cumberland Partners Ltd bought a new stake in Texas Instruments in the 4th quarter valued at $499,000. 84.30% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. B. Riley reissued a “neutral” rating and issued a $110.00 price target (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Sanford C. Bernstein set a $125.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group raised shares of Texas Instruments to a “buy” rating and set a $125.00 price target on the stock in a report on Wednesday. Nomura boosted their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley boosted their price target on shares of Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Fifteen analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $109.65.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $100.49 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a fifty-two week low of $74.52 and a fifty-two week high of $120.75. The firm has a market cap of $99,039.02, a PE ratio of 23.53, a PEG ratio of 2.11 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be given a dividend of $0.62 per share. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 annualized dividend and a yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.

In related news, VP Haviv Ilan sold 23,831 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the transaction, the vice president now owns 131,153 shares in the company, valued at approximately $14,474,045.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Pamela H. Patsley sold 7,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $110.96, for a total transaction of $776,720.00. Following the transaction, the director now owns 35,296 shares in the company, valued at approximately $3,916,444.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 707,677 shares of company stock worth $78,161,034. 0.96% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY NOTICE: This report was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The original version of this report can be read at https://www.com-unik.info/2018/02/11/spectrum-management-group-inc-buys-710-shares-of-texas-instruments-incorporated-txn.html.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit