Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 25.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,256 shares of the semiconductor company’s stock after buying an additional 3,466 shares during the period. Breton Hill Capital Ltd.’s holdings in Texas Instruments were worth $1,328,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of the stock. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the first quarter worth $101,000. ClariVest Asset Management LLC increased its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the period. Balentine LLC increased its position in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the period. TCI Wealth Advisors Inc. increased its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the period. Finally, American National Bank increased its position in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after buying an additional 1,359 shares during the period. Institutional investors and hedge funds own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) traded up 1.34% on Monday, reaching $81.97. The company’s stock had a trading volume of 1,599,145 shares. The stock has a market cap of $81.15 billion, a P/E ratio of 20.50 and a beta of 1.21. The firm’s 50 day moving average is $80.24 and its 200-day moving average is $79.66. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.44%. Texas Instruments’s payout ratio is 50.51%.
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A number of equities analysts have weighed in on TXN shares. Deutsche Bank AG reaffirmed a “hold” rating and set a $75.00 price target (up previously from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $84.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $90.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Rosenblatt Securities reaffirmed a “buy” rating and set a $90.00 price target on shares of Texas Instruments in a research report on Wednesday, April 19th. Finally, Vetr downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a research report on Monday, April 24th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus price target of $85.96.
In related news, Director Robert E. Sanchez sold 26,905 shares of the business’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 approximately $2,245,996.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,905 shares of company stock worth $7,398,219. 0.96% of the stock is currently owned by corporate insiders.
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.
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