Copeland Capital Management LLC reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,558 shares of the semiconductor company’s stock after selling 1,343 shares during the period. Copeland Capital Management LLC’s holdings in Texas Instruments were worth $3,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Victory Capital Management Inc. increased its position in Texas Instruments by 110.4% during the 3rd quarter. Victory Capital Management Inc. now owns 293,912 shares of the semiconductor company’s stock valued at $26,347,000 after buying an additional 154,238 shares in the last quarter. Westwood Management Corp IL acquired a new position in Texas Instruments during the 3rd quarter valued at about $18,251,000. Searle & CO. acquired a new position in Texas Instruments during the 3rd quarter valued at about $224,000. Intact Investment Management Inc. increased its position in Texas Instruments by 7.5% during the 3rd quarter. Intact Investment Management Inc. now owns 54,200 shares of the semiconductor company’s stock valued at $4,858,000 after buying an additional 3,800 shares in the last quarter. Finally, Crossmark Global Holdings Inc. acquired a new position in Texas Instruments during the 3rd quarter valued at about $12,194,000. 83.87% of the stock is currently owned by institutional investors.
Several research analysts recently issued reports on the company. Drexel Hamilton upped their target price on Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. B. Riley reaffirmed a “neutral” rating and set a $89.00 target price on shares of Texas Instruments in a research report on Monday, July 31st. Barclays PLC reduced their target price on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $85.00 target price (up from $82.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $93.85.
In related news, VP R Gregory Delagi sold 61,250 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total value of $5,925,937.50. Following the completion of the sale, the vice president now owns 189,234 shares of the company’s stock, valued at $18,308,389.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ellen Barker sold 15,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total value of $1,228,050.00. Following the completion of the sale, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. Insiders have sold 1,482,689 shares of company stock valued at $141,615,432 in the last three months. Insiders own 0.96% of the company’s stock.
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Texas Instruments Incorporated (NASDAQ:TXN) opened at $96.94 on Friday. Texas Instruments Incorporated has a fifty-two week low of $69.00 and a fifty-two week high of $99.05. The company has a market capitalization of $95,540.28, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.33 and a beta of 1.28. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating 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 business had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. equities research analysts expect that Texas Instruments Incorporated will post 4.33 EPS for the current fiscal year.
Texas Instruments announced that its board has approved a stock repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be issued a dividend of $0.62 per share. The ex-dividend date is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.56%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is presently 57.94%.
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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