D L Carlson Investment Group Inc. lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 14.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,196 shares of the semiconductor company’s stock after selling 4,950 shares during the period. D L Carlson Investment Group Inc.’s holdings in Texas Instruments were worth $3,154,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in TXN. Taylor Hoffman Wealth Management purchased a new stake in shares of Texas Instruments in the fourth quarter valued at $105,000. Westside Investment Management Inc. increased its stake in shares of Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 100 shares during the last quarter. Zions Bancorporation increased its stake in shares of Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after acquiring an additional 1,410 shares during the last quarter. Willingdon Wealth Management acquired a new position in shares of Texas Instruments in the third quarter worth $141,000. Finally, Advantage Investment Management LLC increased its stake in shares of Texas Instruments by 156.9% in the third quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 1,073 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.
TXN has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $127.00 price target (up from $112.00) on shares of Texas Instruments in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group reaffirmed an “in-line” rating and issued a $125.00 price target (up from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Finally, Mizuho reissued a “buy” rating and set a $107.00 target price (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $109.65.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down $0.62 during trading hours on Wednesday, hitting $109.97. The stock had a trading volume of 3,240,311 shares, compared to its average volume of 6,450,000. The firm has a market capitalization of $108,380.00, a P/E ratio of 30.46, a P/E/G ratio of 2.34 and a beta of 1.22. Texas Instruments Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis. research analysts predict that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is presently 68.70%.
In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 3,574 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total transaction of $395,463.10. Following the completion of the transaction, the senior vice president now owns 68,918 shares in the company, valued at $7,625,776.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin J. Ritchie sold 49,955 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.96% of the stock is owned by corporate insiders.
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About Texas Instruments
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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