Texas Instruments Incorporated (TXN) Holdings Increased by Franklin Resources Inc.
Franklin Resources Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 9,206,459 shares of the semiconductor company’s stock after acquiring an additional 273,755 shares during the period. Franklin Resources Inc. owned about 0.93% of Texas Instruments worth $708,253,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Enterprise Financial Services Corp grew its stake in Texas Instruments by 0.3% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 4 shares during the period. Financial Advisory Service Inc. grew its stake in Texas Instruments by 0.4% in the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 12 shares during the period. TNB Financial grew its stake in Texas Instruments by 0.5% in the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 14 shares during the period. Guardian Life Insurance Co. of America grew its stake in Texas Instruments by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 26 shares during the period. Finally, Hudock Capital Group LLC grew its stake in Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 26 shares during the period. 83.68% of the stock is owned by hedge funds and other institutional investors.
Several analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating and issued a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 target price on shares of Texas Instruments in a research note on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 target price on shares of Texas Instruments in a research note on Monday, September 25th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $86.00 target price (up from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.51.
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Shares of Texas Instruments Incorporated (TXN) opened at 91.35 on Friday. The company’s 50-day moving average is $84.73 and its 200 day moving average is $81.49. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $91.54. The firm has a market cap of $90.44 billion, a price-to-earnings ratio of 22.85 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
Texas Instruments declared that its Board of Directors has initiated a stock repurchase plan on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.
In related news, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found here. Insiders have sold a total of 211,301 shares of company stock valued at $17,259,256 over the last ninety days. 0.96% of the stock is owned by insiders.
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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