United Services Automobile Association decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,965,658 shares of the semiconductor company’s stock after selling 191,079 shares during the period. United Services Automobile Association owned about 0.20% of Texas Instruments worth $158,353,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. ClariVest Asset Management LLC boosted its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the period. TCI Wealth Advisors Inc. boosted its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares during the period. Perigon Wealth Management LLC bought a new position in Texas Instruments during the fourth quarter valued at $111,000. Lee Financial Co boosted its position in Texas Instruments by 3.4% in the first quarter. Lee Financial Co now owns 1,460 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 48 shares during the period. Finally, Norway Savings Bank boosted its position in Texas Instruments by 16.0% in the first quarter. Norway Savings Bank now owns 1,508 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 208 shares during the period. Hedge funds and other institutional investors own 84.64% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at 82.28 on Thursday. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The firm has a market capitalization of $81.60 billion, a P/E ratio of 20.45 and a beta of 1.21. The company has a 50 day moving average of $79.99 and a 200 day moving average of $79.41.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s dividend payout ratio is currently 50.51%.
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Several research analysts have recently weighed in on TXN shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC upped their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Robert W. Baird upped their price target on shares of Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Vetr cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Tuesday, April 18th. Finally, Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $85.96.
In other Texas Instruments news, 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 value of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Niels Anderskouv sold 32,420 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total value of $2,613,376.20. Following the completion of the sale, the insider now directly owns 102,028 shares of the company’s stock, valued at approximately $8,224,477.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,325 shares of company stock valued at $10,011,596. 0.96% of the stock is owned by insiders.
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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