Enterprise Financial Services Corp lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 14.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,475 shares of the semiconductor company’s stock after selling 420 shares during the quarter. Enterprise Financial Services Corp’s holdings in Texas Instruments were worth $466,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Thrivent Financial for Lutherans grew its holdings in Texas Instruments by 7.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 829,977 shares of the semiconductor company’s stock valued at $159,531,000 after buying an additional 57,658 shares in the last quarter. Socorro Asset Management LP boosted its stake in Texas Instruments by 22.2% in the third quarter. Socorro Asset Management LP now owns 59,561 shares of the semiconductor company’s stock worth $11,448,000 after buying an additional 10,833 shares in the last quarter. Empirical Finance LLC boosted its stake in Texas Instruments by 6.1% in the third quarter. Empirical Finance LLC now owns 11,670 shares of the semiconductor company’s stock worth $2,243,000 after buying an additional 669 shares in the last quarter. Fundamentun LLC boosted its stake in Texas Instruments by 15.1% in the fourth quarter. Fundamentun LLC now owns 9,309 shares of the semiconductor company’s stock worth $1,755,000 after buying an additional 1,224 shares in the last quarter. Finally, IMS Capital Management boosted its stake in Texas Instruments by 13.1% in the fourth quarter. IMS Capital Management now owns 9,605 shares of the semiconductor company’s stock worth $1,810,000 after buying an additional 1,110 shares in the last quarter. 83.96% of the stock is owned by institutional investors and hedge funds.
In other news, VP Hagop H. Kozanian sold 5,904 shares of Texas Instruments stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $170.23, for a total value of $1,005,037.92. Following the completion of the transaction, the vice president now owns 44,885 shares in the company, valued at approximately $7,640,773.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert E. Sanchez sold 12,299 shares of Texas Instruments stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $169.40, for a total value of $2,083,450.60. Following the completion of the transaction, the director now owns 19,201 shares of the company’s stock, valued at approximately $3,252,649.40. The disclosure for this sale can be found here. Company insiders own 0.54% of the company’s stock.
Texas Instruments (NASDAQ:TXN – Get Rating) last issued its earnings results on Tuesday, April 26th. The semiconductor company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.17. The company had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.73 billion. Texas Instruments had a return on equity of 64.89% and a net margin of 43.34%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company earned $1.87 EPS. As a group, analysts predict that Texas Instruments Incorporated will post 8.77 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 17th. Shareholders of record on Monday, May 9th were issued a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, May 6th. Texas Instruments’s dividend payout ratio is presently 52.63%.
TXN has been the subject of several recent research reports. Credit Suisse Group lowered their price objective on Texas Instruments from $200.00 to $195.00 in a research report on Wednesday, April 27th. UBS Group decreased their target price on Texas Instruments from $180.00 to $175.00 and set a “neutral” rating for the company in a report on Wednesday, April 27th. Susquehanna decreased their target price on Texas Instruments from $230.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. Morgan Stanley decreased their target price on Texas Instruments from $198.00 to $181.00 and set an “underweight” rating for the company in a report on Monday, April 25th. Finally, Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $201.00 target price for the company in a report on Saturday, January 29th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Texas Instruments has an average rating of “Hold” and an average price target of $193.53.
Texas Instruments Profile (Get Rating)
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage supervisors, voltage references, and lighting products.
- Get a free copy of the StockNews.com research report on Texas Instruments (TXN)
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