Texas Instruments Incorporated (TXN) Holdings Raised by Segment Wealth Management LLC
Segment Wealth Management LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,877 shares of the semiconductor company’s stock after acquiring an additional 5,311 shares during the period. Texas Instruments accounts for about 1.0% of Segment Wealth Management LLC’s investment portfolio, making the stock its 27th largest position. Segment Wealth Management LLC’s holdings in Texas Instruments were worth $3,664,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new stake in Texas Instruments during the 1st quarter valued at approximately $101,000. Patriot Financial Group Insurance Agency LLC grew its holdings in Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 200 shares in the last quarter. MV Capital Management Inc. grew its holdings in Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 93 shares in the last quarter. ClariVest Asset Management LLC grew its holdings in Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares in the last quarter. Finally, Balentine LLC grew its holdings in Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.
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In other Texas Instruments news, Chairman Richard K. Templeton sold 450,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares in the company, valued at $109,737,274.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ellen Barker sold 15,000 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was 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 owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The disclosure for this sale can be found here. Insiders sold 1,482,689 shares of company stock valued at $141,615,432 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $96.94 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $95,648.66, a PE ratio of 23.90, a P/E/G ratio of 2.34 and a beta of 1.28. Texas Instruments Incorporated has a fifty-two week low of $69.00 and a fifty-two week high of $99.05.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. research analysts anticipate that Texas Instruments Incorporated will post 4.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be issued a $0.62 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is presently 57.94%.
Texas Instruments declared that its Board of Directors has approved a share buyback program on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
TXN has been the subject of a number of research analyst reports. Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Zacks Investment Research lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Barclays PLC increased their price objective on shares of Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada raised their target price on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average price target of $93.85.
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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