American National Bank bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,160 shares of the semiconductor company’s stock, valued at approximately $330,000.
Other institutional investors have also recently added to or reduced their stakes in the company. TLP Group LLC acquired a new stake in shares of Texas Instruments in the second quarter worth $246,000. Rhumbline Advisers increased its position in Texas Instruments by 0.8% during the second quarter. Rhumbline Advisers now owns 1,767,813 shares of the semiconductor company’s stock worth $135,998,000 after acquiring an additional 14,678 shares during the period. Sigma Planning Corp increased its holdings in Texas Instruments by 15.7% in the 2nd quarter. Sigma Planning Corp now owns 12,449 shares of the semiconductor company’s stock valued at $958,000 after buying an additional 1,690 shares during the period. Wedbush Securities Inc. increased its holdings in Texas Instruments by 2.1% in the 2nd quarter. Wedbush Securities Inc. now owns 9,490 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 197 shares during the period. Finally, 440 Investment Group LLC increased its holdings in Texas Instruments by 119.7% in the 2nd quarter. 440 Investment Group LLC now owns 6,610 shares of the semiconductor company’s stock valued at $509,000 after buying an additional 3,602 shares during the period. 83.85% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on TXN. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Morgan Stanley upped their price target on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Robert W. Baird upped their target price on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank upped their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America upped their price target on Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $96.69.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $116.41 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 company has a market capitalization of $117,439.40, a P/E ratio of 27.20, a P/E/G ratio of 2.72 and a beta of 1.27. Texas Instruments Incorporated has a 12 month low of $73.87 and a 12 month high of $119.98.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. analysts predict that Texas Instruments Incorporated will post 4.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.13%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.
Texas Instruments declared that its Board of Directors has approved a share repurchase plan on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director Mark A. Blinn sold 16,990 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the transaction, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total value of $1,689,275.00. Following the transaction, the senior vice president now directly owns 78,102 shares in the company, valued at approximately $7,539,186.06. The disclosure for this sale can be found here. Insiders have sold 1,362,293 shares of company stock valued at $131,754,396 in the last quarter. 0.96% of the stock is currently owned by corporate insiders.
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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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