Truewealth LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,436 shares of the semiconductor company’s stock, valued at approximately $150,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Taylor Hoffman Wealth Management bought a new stake in Texas Instruments during the 4th quarter valued at $105,000. Risk Paradigm Group LLC acquired a new position in shares of Texas Instruments during the 4th quarter valued at $138,000. Zions Bancorporation increased its position in shares of Texas Instruments by 915.6% during the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the period. Willingdon Wealth Management acquired a new position in shares of Texas Instruments during the 3rd quarter valued at $141,000. Finally, Advantage Investment Management LLC increased its position in shares of Texas Instruments by 156.9% during the 3rd quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 1,073 shares during the period. 85.21% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Incorporated (NASDAQ TXN) traded down $0.62 during mid-day trading on Wednesday, reaching $109.97. The company’s stock had a trading volume of 3,240,311 shares, compared to its average volume of 6,450,000. Texas Instruments Incorporated has a 52-week low of $75.92 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The company has a market cap of $108,380.00, a PE ratio of 30.46, a PEG ratio of 2.34 and a beta of 1.22.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the prior year, the business posted $0.91 EPS. The company’s quarterly revenue was up 9.8% on a year-over-year basis. equities analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The company 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. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 annualized dividend and a yield of 2.26%. Texas Instruments’s dividend payout ratio (DPR) is currently 68.70%.
A number of research analysts have recently weighed in on TXN shares. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Morgan Stanley lifted their price target on Texas Instruments from $88.00 to $92.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and set a $112.00 price objective on shares of Texas Instruments in a research report on Thursday, January 4th. Citigroup reaffirmed a “buy” rating and issued a $135.00 price target (up previously from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Finally, Credit Suisse Group raised Texas Instruments to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday, February 7th. Fifteen analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $109.65.
In other Texas Instruments news, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the sale, the vice president now directly owns 131,153 shares in the company, valued at $14,474,045.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephen A. Anderson sold 141,638 shares of the firm’s stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the sale, the insider now owns 178,200 shares of the company’s stock, valued at $19,801,584. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock valued at $83,306,399 over the last quarter. 0.96% of the stock is currently owned by company insiders.
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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