Mckinley Capital Management LLC Delaware Sells 1,763 Shares of Texas Instruments Incorporated (TXN)

Mckinley Capital Management LLC Delaware reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 22.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,015 shares of the semiconductor company’s stock after selling 1,763 shares during the period. Mckinley Capital Management LLC Delaware’s holdings in Texas Instruments were worth $463,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after buying an additional 3,551,400 shares during the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Texas Instruments by 22.3% in the first quarter. Janus Capital Management LLC now owns 7,433,168 shares of the semiconductor company’s stock worth $598,816,000 after buying an additional 1,353,492 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Texas Instruments by 56.6% in the second quarter. Parametric Portfolio Associates LLC now owns 3,687,581 shares of the semiconductor company’s stock worth $283,686,000 after buying an additional 1,333,082 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 95.18 on Friday. The firm has a 50-day moving average of $88.24 and a 200-day moving average of $82.41. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $95.40. The firm has a market capitalization of $94.23 billion, a P/E ratio of 23.81 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be paid a $0.62 dividend. The ex-dividend date is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.

Texas Instruments announced 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 repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the sale, the insider now directly owns 252,257 shares in the company, valued at $20,662,370.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of Texas Instruments stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Mckinley Capital Management LLC Delaware Sells 1,763 Shares of Texas Instruments Incorporated (TXN)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/21/mckinley-capital-management-llc-delaware-sells-1763-shares-of-texas-instruments-incorporated-txn.html.

A number of brokerages recently issued reports on TXN. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a research note on Friday. KeyCorp restated a “hold” rating on shares of Texas Instruments in a research note on Friday. Barclays PLC lifted their price target on shares of Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday. SunTrust Banks, Inc. restated a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a research note on Thursday, October 12t

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after buying an additional 3,551,400 shares during the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares during the last quarter. Janus Capital Management LLC increased its stake in shares of Texas Instruments by 22.3% in the first quarter. Janus Capital Management LLC now owns 7,433,168 shares of the semiconductor company’s stock worth $598,816,000 after buying an additional 1,353,492 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in shares of Texas Instruments by 56.6% in the second quarter. Parametric Portfolio Associates LLC now owns 3,687,581 shares of the semiconductor company’s stock worth $283,686,000 after buying an additional 1,333,082 shares during the last quarter. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 95.18 on Friday. The firm has a 50-day moving average of $88.24 and a 200-day moving average of $82.41. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $95.40. The firm has a market capitalization of $94.23 billion, a P/E ratio of 23.81 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be paid a $0.62 dividend. The ex-dividend date is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.61%. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.

Texas Instruments announced 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 repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In related news, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the sale, the insider now directly owns 252,257 shares in the company, valued at $20,662,370.87. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of Texas Instruments stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Mckinley Capital Management LLC Delaware Sells 1,763 Shares of Texas Instruments Incorporated (TXN)” was first posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://ledgergazette.com/2017/10/21/mckinley-capital-management-llc-delaware-sells-1763-shares-of-texas-instruments-incorporated-txn.html.

A number of brokerages recently issued reports on TXN. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a research note on Friday. KeyCorp restated a “hold” rating on shares of Texas Instruments in a research note on Friday. Barclays PLC lifted their price target on shares of Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday. SunTrust Banks, Inc. restated a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a research note on Thursday, October 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $87.44.

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

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