OLD Republic International Corp Has $14,501,000 Stake in Texas Instruments Incorporated (TXN)
OLD Republic International Corp maintained its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,000 shares of the semiconductor company’s stock at the end of the first quarter. OLD Republic International Corp’s holdings in Texas Instruments were worth $14,501,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of the company. Cambridge Trust Co. raised its position in shares of Texas Instruments by 1.1% in the first quarter. Cambridge Trust Co. now owns 63,730 shares of the semiconductor company’s stock worth $5,135,000 after buying an additional 701 shares in the last quarter. Bank of Nova Scotia raised its position in shares of Texas Instruments by 2,461.0% in the first quarter. Bank of Nova Scotia now owns 579,737 shares of the semiconductor company’s stock worth $46,704,000 after buying an additional 557,100 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments during the first quarter worth about $101,000. Financial Advisors Network Inc. raised its stake in shares of Texas Instruments by 8.6% in the first quarter. Financial Advisors Network Inc. now owns 9,294 shares of the semiconductor company’s stock worth $752,000 after buying an additional 733 shares during the period. Finally, FNY Partners Fund LP bought a new stake in shares of Texas Instruments during the first quarter worth about $1,535,000. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) traded down 0.09% on Tuesday, reaching $81.98. 813,742 shares of the company were exchanged. The stock has a 50 day moving average of $80.31 and a 200 day moving average of $79.71. The firm has a market capitalization of $81.16 billion, a PE ratio of 20.51 and a beta of 1.21. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.
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A number of equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and issued a $83.00 target price on shares of Texas Instruments in a research note on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and set a $92.00 price objective on shares of Texas Instruments in a research note on Monday, April 17th. Drexel Hamilton increased their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Jefferies Group LLC increased their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Barclays PLC dropped their price objective on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $85.96.
In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the sale, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the sale, the director now directly owns 27,565 shares in the company, valued at $2,245,996.20. The disclosure for this sale can be found here. Insiders have sold 90,905 shares of company stock worth $7,398,219 over the last ninety days. Insiders own 0.96% of the company’s stock.
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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