Captrust Financial Advisors purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,664 shares of the semiconductor company’s stock, valued at approximately $174,000.
Several other institutional investors also recently modified their holdings of TXN. Taylor Hoffman Wealth Management acquired a new stake in Texas Instruments during the 4th quarter worth $105,000. Risk Paradigm Group LLC acquired a new stake in Texas Instruments during the 4th quarter worth $138,000. Truewealth LLC acquired a new stake in Texas Instruments during the 4th quarter worth $150,000. Zions Bancorporation grew its holdings in Texas Instruments by 915.6% during the 3rd 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 period. Finally, Willingdon Wealth Management acquired a new stake in Texas Instruments during the 3rd quarter worth $141,000. 85.21% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $109.97 on Friday. The company has a market cap of $108,187.12, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.30 and a beta of 1.22. 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 current ratio of 3.87 and a quick ratio of 3.00.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. equities analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
In other Texas Instruments news, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.00, for a total transaction of $5,145,365.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Brian T. Crutcher sold 267,201 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the sale, the chief operating officer now directly owns 246,961 shares in the company, valued at $27,432,427.88. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 over the last ninety days. 0.96% of the stock is currently owned by insiders.
A number of research firms have commented on TXN. B. Riley reaffirmed a “neutral” rating and set a $110.00 target price (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Mizuho reissued a “buy” rating and set a $107.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Nomura lifted their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $138.00 price target (up from $5.08) on shares of Texas Instruments in a research report on Friday, January 19th. Fifteen analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of “Buy” and an average target price of $109.65.
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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