Culbertson A N & Co. Inc. Has $1.49 Million Holdings in Texas Instruments Incorporated (TXN)
Culbertson A N & Co. Inc. lifted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 361.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 16,568 shares of the semiconductor company’s stock after acquiring an additional 12,975 shares during the period. Culbertson A N & Co. Inc.’s holdings in Texas Instruments were worth $1,485,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments during the 1st quarter worth $101,000. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 200 shares during the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 100 shares during the last quarter. Balentine LLC lifted its holdings in shares of Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 80 shares during the last quarter. Finally, MV Capital Management Inc. lifted its holdings in shares of Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 93 shares during the last quarter. 83.75% of the stock is owned by institutional investors.
In other news, insider Ellen Barker sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Bing Xie sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the transaction, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,151,577 shares of company stock worth $109,430,542. Insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.98 on Friday. The stock has a market cap of $96,565.27, a P/E ratio of 24.13, a PEG ratio of 2.36 and a beta of 1.28. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $98.00. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. research analysts forecast that Texas Instruments Incorporated will post 4.33 EPS for the current year.
Texas Instruments declared that its board has authorized a stock repurchase plan on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is currently 57.94%.
A number of analysts have recently issued reports on TXN shares. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, July 17th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $96.00 target price on shares of Texas Instruments in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 target price (up previously from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Morgan Stanley reiterated an “equal weight” rating and issued a $83.00 target price (up previously from $78.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Cowen and Company reiterated a “market perform” rating and issued a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $93.85.
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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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