Crossmark Global Holdings Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 136,035 shares of the semiconductor company’s stock, valued at approximately $12,194,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $101,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 200 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares in the last quarter. Finally, Balentine LLC raised its holdings in shares of Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.
In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the completion of the transaction, the senior vice president now directly owns 78,102 shares in the company, valued at $7,539,186.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,482,689 shares of company stock valued at $141,615,432. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at $96.94 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a 12 month low of $69.00 and a 12 month high of $99.05. The stock has a market cap of $95,540.28, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.33 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be paid a $0.62 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is currently 57.94%.
Texas Instruments declared that its board has authorized a share buyback program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
ILLEGAL ACTIVITY NOTICE: This piece was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/11/12/136035-shares-in-texas-instruments-incorporated-txn-purchased-by-crossmark-global-holdings-inc.html.
Several equities research analysts have recently commented on TXN shares. Barclays PLC reduced their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. UBS AG restated a “buy” rating and issued a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Citigroup Inc. boosted their price target on shares of Texas Instruments from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Drexel Hamilton boosted their price target on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $93.85.
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.
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (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.