Hanseatic Management Services Inc. lifted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,662 shares of the semiconductor company’s stock after purchasing an additional 1,377 shares during the period. Hanseatic Management Services Inc.’s holdings in Texas Instruments were worth $1,205,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of TXN. Enterprise Financial Services Corp increased its stake in Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 4 shares in the last quarter. Financial Advisory Service Inc. grew its stake in shares of Texas Instruments by 0.4% in the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 12 shares during the period. TNB Financial grew its stake in shares of Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 14 shares during the period. Guardian Life Insurance Co. of America grew its stake in shares of Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 26 shares during the period. Finally, Hudock Capital Group LLC grew its stake in shares of Texas Instruments by 1.3% in the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 26 shares during the period. 83.63% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the completion of the transaction, the insider now owns 45,697 shares in the company, valued at approximately $3,741,213.39. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the sale, the director now directly owns 27,565 shares in the company, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,301 shares of company stock valued at $16,107,756. Insiders own 0.96% of the company’s stock.
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Shares of Texas Instruments Incorporated (NASDAQ TXN) traded up 0.01% on Friday, reaching $96.16. The company’s stock had a trading volume of 339,629 shares. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $96.74. The company has a 50 day moving average of $89.23 and a 200 day moving average of $82.77. The stock has a market capitalization of $95.20 billion, a P/E ratio of 24.05 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the business posted $0.94 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts expect that Texas Instruments Incorporated will post $4.14 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.58%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is 46.73%.
Texas Instruments declared that its Board of Directors has initiated a share buyback program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.
TXN has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $96.00 price target on shares of Texas Instruments in a report on Wednesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price target (up previously from $85.00) on shares of Texas Instruments in a report on Wednesday. Morgan Stanley reaffirmed an “equal weight” rating and set a $83.00 price target (up previously from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Cowen and Company reissued a “market perform” rating and issued a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and an average target price of $93.85.
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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