Kalos Management Inc. Acquires 3,299 Shares of Texas Instruments Incorporated (TXN)
Kalos Management Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,431 shares of the semiconductor company’s stock after purchasing an additional 3,299 shares during the period. Texas Instruments comprises approximately 1.3% of Kalos Management Inc.’s holdings, making the stock its 27th biggest position. Kalos Management Inc.’s holdings in Texas Instruments were worth $2,010,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. American Beacon Advisors Inc. purchased a new stake in Texas Instruments in the 1st quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Texas Instruments by 18.4% in 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 in the last quarter. MV Capital Management Inc. increased its holdings in Texas Instruments by 7.6% in 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 in the last quarter. Acrospire Investment Management LLC increased its holdings 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 worth $108,000 after acquiring an additional 500 shares in the last quarter. Finally, American National Bank increased its holdings in Texas Instruments by 2,470.9% in the 2nd quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.
Several equities research analysts recently issued reports on TXN shares. SunTrust Banks reissued a “hold” rating and issued a $96.00 target price on shares of Texas Instruments in a report on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 target price (up from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. B. Riley reissued a “hold” rating and issued a $97.00 target price (up from $89.00) on shares of Texas Instruments in a report on Wednesday, October 25th. BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective for the company in a report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $93.85.
In related news, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the sale, the insider now directly owns 189,234 shares in the company, valued at $18,438,960.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the sale, the chairman now owns 1,137,056 shares of the company’s stock, valued at $109,737,274.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is currently owned by insiders.
Texas Instruments Incorporated (TXN) opened at $98.83 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $71.19 and a fifty-two week high of $99.79. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The firm has a market cap of $96,604.64, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.34 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $0.94 earnings per share. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts predict that Texas Instruments Incorporated will post 4.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.51%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.
Texas Instruments 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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