First Citizens Bank & Trust Co. decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,022 shares of the semiconductor company’s stock after selling 6,503 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Texas Instruments were worth $3,136,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares in the last quarter. Acrospire Investment Management LLC boosted its holdings in shares of Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Texas Instruments in the second quarter valued at approximately $112,000. Westside Investment Management Inc. boosted its holdings in shares of Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 100 shares in the last quarter. Finally, Zions Bancorporation boosted its holdings in shares of Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,410 shares in the last quarter. Hedge funds and other institutional investors own 83.85% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) traded up $5.43 during trading on Wednesday, hitting $118.35. 4,608,275 shares of the stock were exchanged, compared to its average volume of 5,463,830. The company has a market cap of $115,450.00, a P/E ratio of 26.96, a P/E/G ratio of 2.57 and a beta of 1.27. 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 fifty-two week low of $73.87 and a fifty-two week high of $113.90.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share 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 the consensus estimate of $3.91 billion. During the same quarter last year, the firm earned $0.94 EPS. Texas Instruments’s revenue for the quarter was up 12.0% on a year-over-year basis. equities research analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current year.
Texas Instruments announced that its board has initiated a stock repurchase 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 purchase up to 74% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of analysts recently weighed in on TXN shares. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Jefferies Group restated a “buy” rating and set a $96.00 target price on shares of Texas Instruments in a report on Monday, September 25th. Sanford C. Bernstein restated an “outperform” rating and set a $95.00 target price on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and set a $85.00 target price on shares of Texas Instruments in a report on Wednesday, October 4th. Finally, SunTrust Banks restated a “hold” rating and set a $86.00 target price on shares of Texas Instruments in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $96.06.
In other Texas Instruments news, 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 value of $23,263,800.00. Following the sale, the insider now directly owns 189,234 shares in the company, valued at approximately $18,438,960.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Cynthia Hoff Trochu sold 31,112 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $96.27, for a total transaction of $2,995,152.24. Following the completion of the sale, the senior vice president now owns 74,029 shares in the company, valued at $7,126,771.83. 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 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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