Texas Instruments Incorporated (TXN) Position Reduced by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,523,385 shares of the semiconductor company’s stock after selling 21,821 shares during the period. Ameriprise Financial Inc. owned about 0.36% of Texas Instruments worth $271,055,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new position in Texas Instruments in the 1st quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the period. ClariVest Asset Management LLC boosted its stake in Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 100 shares during the period. Balentine LLC boosted its stake in Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 80 shares during the period. Finally, MV Capital Management Inc. boosted its stake in Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the period. 83.68% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on TXN. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research note on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Monday, September 25th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus target price of $86.51.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/texas-instruments-incorporated-txn-position-reduced-by-ameriprise-financial-inc.html.

Texas Instruments Incorporated (NASDAQ:TXN) opened at 92.38 on Wednesday. The company has a market cap of $91.46 billion, a P/E ratio of 23.11 and a beta of 1.24. The stock’s 50 day moving average is $85.41 and its 200 day moving average is $81.68. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $92.41.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

Texas Instruments declared that its board has approved a share repurchase program on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be given a $0.62 dividend. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is presently 50.51%.

In other news, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion

Other institutional investors have also recently bought and sold shares of the company. American Beacon Advisors Inc. acquired a new position in Texas Instruments in the 1st quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC boosted its stake in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the period. ClariVest Asset Management LLC boosted its stake in Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 100 shares during the period. Balentine LLC boosted its stake in Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 80 shares during the period. Finally, MV Capital Management Inc. boosted its stake in Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the period. 83.68% of the stock is owned by hedge funds and other institutional investors.

A number of research firms recently commented on TXN. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 4th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research note on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Monday, September 25th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus target price of $86.51.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/11/texas-instruments-incorporated-txn-position-reduced-by-ameriprise-financial-inc.html.

Texas Instruments Incorporated (NASDAQ:TXN) opened at 92.38 on Wednesday. The company has a market cap of $91.46 billion, a P/E ratio of 23.11 and a beta of 1.24. The stock’s 50 day moving average is $85.41 and its 200 day moving average is $81.68. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $92.41.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

Texas Instruments declared that its board has approved a share repurchase program on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be given a $0.62 dividend. The ex-dividend date of this dividend is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. Texas Instruments’s dividend payout ratio is presently 50.51%.

In other news, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock worth $17,259,256 over the last three months. 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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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