Sei Investments Co. Has $69.91 Million Holdings in Texas Instruments Incorporated (TXN)
Sei Investments Co. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.1% in the 4th quarter, HoldingsChannel reports. The fund owned 669,327 shares of the semiconductor company’s stock after selling 100,702 shares during the quarter. Sei Investments Co.’s holdings in Texas Instruments were worth $69,905,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in TXN. TLP Group LLC bought a new position in shares of Texas Instruments in the 2nd quarter valued at $246,000. UBS Asset Management Americas Inc. increased its stake in shares of Texas Instruments by 2.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,808,351 shares of the semiconductor company’s stock valued at $292,976,000 after purchasing an additional 103,409 shares during the last quarter. Abbot Financial Management Inc. bought a new position in shares of Texas Instruments in the 2nd quarter valued at $732,000. GSA Capital Partners LLP bought a new position in shares of Texas Instruments in the 2nd quarter valued at $619,000. Finally, Pinebridge Investments L.P. increased its stake in shares of Texas Instruments by 5.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 311,117 shares of the semiconductor company’s stock valued at $23,934,000 after purchasing an additional 17,016 shares during the last quarter. 83.67% of the stock is owned by hedge funds and other institutional investors.
TXN has been the topic of several recent analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $96.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 price target (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reiterated a “hold” rating and issued a $97.00 price target (up previously from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research note on Friday, October 20th. Finally, JPMorgan Chase & Co. lifted their price target on Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Fifteen research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $109.65.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the previous year, the company posted $0.91 EPS. The business’s revenue was up 9.8% on a year-over-year basis. equities research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio (DPR) is presently 68.89%.
In other news, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the transaction, the insider now directly owns 178,200 shares of the company’s stock, valued at approximately $19,801,584. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Haren Julie Van sold 19,125 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $105.48, for a total value of $2,017,305.00. Following the completion of the transaction, the insider now directly owns 29,578 shares in the company, valued at $3,119,887.44. The disclosure for this sale can be found here. Insiders sold a total of 707,677 shares of company stock worth $78,161,034 in the last quarter. Corporate insiders own 0.96% of the company’s stock.
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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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