Jaffetilchin Investment Partners LLC bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,943 shares of the semiconductor company’s stock, valued at approximately $621,000.
Several other hedge funds have also modified their holdings of TXN. Atalanta Sosnoff Capital LLC acquired a new position in Texas Instruments in the fourth quarter valued at approximately $217,000. Abner Herrman & Brock LLC increased its position in shares of Texas Instruments by 143.9% in the fourth quarter. Abner Herrman & Brock LLC now owns 78,437 shares of the semiconductor company’s stock valued at $8,192,000 after buying an additional 46,277 shares in the last quarter. Atlantic Trust Group LLC increased its position in shares of Texas Instruments by 284.1% in the third quarter. Atlantic Trust Group LLC now owns 402,585 shares of the semiconductor company’s stock valued at $36,087,000 after buying an additional 297,768 shares in the last quarter. AustralianSuper Pty Ltd purchased a new stake in shares of Texas Instruments in the third quarter valued at approximately $88,699,000. Finally, Parametric Portfolio Associates LLC increased its position in shares of Texas Instruments by 3.7% in the third quarter. Parametric Portfolio Associates LLC now owns 3,744,481 shares of the semiconductor company’s stock valued at $335,655,000 after buying an additional 132,195 shares in the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.
Several analysts recently commented on TXN shares. SunTrust Banks reiterated a “hold” rating and set a $96.00 price target on shares of Texas Instruments in a research report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and set a $98.00 price target (up from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. B. Riley restated a “hold” rating and issued a $97.00 target price (up from $89.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 target price for the company in a report on Friday, October 20th. Finally, JPMorgan Chase & Co. upped their price target on Texas Instruments from $110.00 to $122.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Sixteen analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $109.65.
In other news, COO Brian T. Crutcher sold 267,201 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $111.08, for a total value of $29,680,687.08. Following the completion of the sale, the chief operating officer now directly owns 246,961 shares of the company’s stock, valued at approximately $27,432,427.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the sale, the vice president now directly owns 131,153 shares of the company’s stock, valued at $14,474,045.08. The disclosure for this sale can be found here. Insiders have sold a total of 927,302 shares of company stock valued at $99,407,529 over the last ninety days. 0.96% of the stock is owned by insiders.
Texas Instruments Incorporated (TXN) traded down $2.42 during trading hours on Friday, reaching $107.66. The company had a trading volume of 7,470,000 shares, compared to its average volume of 5,980,000. The stock has a market cap of $106,110.00, a P/E ratio of 29.91, a PEG ratio of 2.30 and a beta of 1.24. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a 12-month low of $74.52 and a 12-month high of $120.75.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts predict that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.30%. Texas Instruments’s payout ratio is 68.89%.
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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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