First Personal Financial Services increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 132.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,390 shares of the semiconductor company’s stock after acquiring an additional 5,914 shares during the period. First Personal Financial Services’ holdings in Texas Instruments were worth $931,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after acquiring an additional 1,683,613 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Texas Instruments by 1.1% in the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after acquiring an additional 681,821 shares in the last quarter. State Street Corp boosted its holdings in shares of Texas Instruments by 1.4% in the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after acquiring an additional 573,645 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Texas Instruments by 0.4% in the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after acquiring an additional 53,846 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after purchasing an additional 10,928,410 shares during the last quarter. Institutional investors and hedge funds own 84.22% of the company’s stock.
Several analysts recently commented on TXN shares. Barclays PLC cut their target price on shares of Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. UBS AG reissued a “buy” rating and set a $93.00 target price (up from $91.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Citigroup Inc. increased their target price on shares of Texas Instruments from $87.00 to $97.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Drexel Hamilton increased their target price on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Finally, BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $93.85.
Texas Instruments Incorporated (NASDAQ TXN) opened at $97.74 on Friday. Texas Instruments Incorporated has a 12 month low of $69.92 and a 12 month high of $99.05. The company has a market cap of $96,900.00, a price-to-earnings ratio of 23.88, a PEG ratio of 2.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89.
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 analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business posted $0.94 EPS. Texas Instruments’s revenue was up 12.0% compared to the same quarter last year. research analysts forecast that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.
Texas Instruments declared that its board has initiated a share repurchase plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were paid a $0.62 dividend. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a yield of 2.54%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.49%.
In related news, SVP Cynthia Hoff Trochu sold 31,112 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $96.27, for a total value of $2,995,152.24. Following the transaction, the senior vice president now directly owns 74,029 shares in the company, valued at approximately $7,126,771.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock worth $131,754,396 over the last quarter. 0.96% of the stock is currently owned by company insiders.
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Texas Instruments 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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