Neuberger Berman Group LLC Grows Holdings in Texas Instruments Incorporated (TXN)
Neuberger Berman Group LLC grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,043,302 shares of the semiconductor company’s stock after purchasing an additional 489,862 shares during the period. Texas Instruments makes up about 0.6% of Neuberger Berman Group LLC’s holdings, making the stock its 23rd largest holding. Neuberger Berman Group LLC owned about 0.51% of Texas Instruments worth $452,082,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Patriot Financial Group Insurance Agency LLC increased its position in shares of Texas Instruments by 18.4% during the second 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 period. MV Capital Management Inc. increased its position in shares of Texas Instruments by 7.6% during the second 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 period. Acrospire Investment Management LLC increased its position in shares of Texas Instruments by 55.6% during the second 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 during the period. American National Bank increased its position in shares of Texas Instruments by 2,470.9% during the second 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 during the period. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Texas Instruments during the second quarter worth $112,000. Institutional investors own 83.97% of the company’s stock.
A number of analysts have recently weighed in on TXN shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. Robert W. Baird upped their price objective on Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank upped their price objective on Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America upped their price objective on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of “Buy” and an average price target of $93.85.
In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was 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 owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Richard K. Templeton sold 190,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.88, for a total value of $18,407,200.00. Following the transaction, the chief executive officer now directly owns 1,137,056 shares in the company, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,362,293 shares of company stock worth $131,754,396. Corporate insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at $98.43 on Wednesday. The stock has a market capitalization of $96,604.64, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.34 and a beta of 1.27. Texas Instruments Incorporated has a twelve month low of $71.77 and a twelve month high of $99.79. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data 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 company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.94 earnings per share. sell-side analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were issued a dividend of $0.62 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.
Texas Instruments declared that its Board of Directors has initiated a stock repurchase program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this report on another site, it was illegally stolen and republished in violation of U.S. & international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/neuberger-berman-group-llc-grows-holdings-in-texas-instruments-incorporated-txn/1760858.html.
Texas Instruments Company 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.
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 Analyst Ratings Network's FREE daily email newsletter.