Texas Instruments Incorporated (TXN) Stake Raised by Ibex Wealth Advisors
Ibex Wealth Advisors boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 11.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,884 shares of the semiconductor company’s stock after buying an additional 2,998 shares during the period. Texas Instruments comprises approximately 1.4% of Ibex Wealth Advisors’ investment portfolio, making the stock its 27th largest position. Ibex Wealth Advisors’ holdings in Texas Instruments were worth $2,313,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. American Beacon Advisors Inc. purchased a new position in shares of Texas Instruments during the first quarter worth approximately $101,000. ClariVest Asset Management LLC raised its position in shares of 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 in the last quarter. Balentine LLC raised its position in shares of 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 in the last quarter. TCI Wealth Advisors Inc. increased its stake 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 valued at $108,000 after buying an additional 333 shares during the last quarter. Finally, Westside Investment Management Inc. increased its stake in Texas Instruments by 9.1% in the first quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock valued at $116,000 after buying an additional 121 shares during the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.40% during mid-day trading on Wednesday, hitting $82.28. 925,471 shares of the stock were exchanged. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The firm has a market cap of $81.46 billion, a price-to-earnings ratio of 20.58 and a beta of 1.21. The company’s 50-day moving average is $80.42 and its 200-day moving average is $79.74.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. Equities research analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a $0.50 dividend. 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 payout ratio is presently 50.51%.
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Several equities research analysts have recently weighed in on TXN shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $90.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Jefferies Group LLC boosted their target price on shares of Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Robert W. Baird boosted their target price on shares of Texas Instruments from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price for the company. in a research report on Tuesday, April 18th. Finally, Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Texas Instruments has an average rating of “Buy” and a consensus target price of $85.96.
In other news, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the firm’s 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 completion of the transaction, the insider now directly owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock valued at $17,259,256 in the last 90 days. Corporate insiders own 0.96% of the company’s stock.
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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