State Farm Mutual Automobile Insurance Co. Has $14,380,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

State Farm Mutual Automobile Insurance Co. maintained its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,500 shares of the semiconductor company’s stock at the end of the first quarter. State Farm Mutual Automobile Insurance Co.’s holdings in Texas Instruments were worth $14,380,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in TXN. CENTRAL TRUST Co increased its stake in shares of Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock worth $2,707,000 after buying an additional 90 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in shares of Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock worth $12,498,000 after buying an additional 7,293 shares in the last quarter. UMB Bank N A MO increased its stake in shares of Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock worth $26,319,000 after buying an additional 15,401 shares in the last quarter. Wealthfront Inc. increased its stake in shares of Texas Instruments by 6.3% in the fourth quarter. Wealthfront Inc. now owns 40,448 shares of the semiconductor company’s stock worth $2,951,000 after buying an additional 2,401 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Texas Instruments by 0.9% in the first quarter. Rhumbline Advisers now owns 1,753,135 shares of the semiconductor company’s stock worth $141,233,000 after buying an additional 15,099 shares in the last quarter. Institutional investors own 84.71% of the company’s stock.

Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.22% during mid-day trading on Friday, hitting $79.97. The company had a trading volume of 3,626,698 shares. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The firm has a market capitalization of $79.17 billion, a PE ratio of 20.00 and a beta of 1.21. The company’s 50 day moving average price is $80.72 and its 200-day moving average price is $79.77.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 earnings per share. On average, analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend was Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.

COPYRIGHT VIOLATION NOTICE: “State Farm Mutual Automobile Insurance Co. Has $14,380,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)” was originally posted by Week Herald and is the property of of Week Herald. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://weekherald.com/2017/08/18/state-farm-mutual-automobile-insurance-co-continues-to-hold-position-in-texas-instruments-incorporated-nasdaqtxn-updated-updated-updated.html.

Several equities analysts recently commented on TXN shares. Deutsche Bank AG restated a “hold” rating and set a $75.00 target price (up previously from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $84.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Vetr downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price for the company. in a research report on Monday, April 24th. Finally, Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $85.96.

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

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.

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




Receive News & Ratings for Texas Instruments Incorporated Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Texas Instruments Incorporated and related companies with MarketBeat.com’s FREE daily email newsletter.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

one × 2 =