Bristol John W & Co. Inc. NY reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 983,877 shares of the semiconductor company’s stock after selling 46,222 shares during the period. Texas Instruments accounts for about 2.9% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 3rd largest position. Bristol John W & Co. Inc. NY owned about 0.10% of Texas Instruments worth $102,756,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in TXN. Patriot Financial Group Insurance Agency LLC boosted its position 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 worth $101,000 after acquiring an additional 200 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in 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 buying an additional 500 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Texas Instruments in the second quarter valued at approximately $112,000. Westside Investment Management Inc. raised its holdings in 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 buying an additional 100 shares during the period. Finally, Zions Bancorporation raised its holdings in 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 buying an additional 1,410 shares during the period. 84.02% of the stock is currently owned by institutional investors.
In related news, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction dated 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 sale, the insider now directly owns 189,234 shares in the company, valued at $18,438,960.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bing Xie sold 15,877 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total transaction of $1,733,927.17. Following the sale, the insider now owns 63,048 shares in the company, valued at $6,885,472.08. The disclosure for this sale can be found here. In the last three months, insiders have sold 927,302 shares of company stock valued at $99,407,529. Corporate insiders own 0.96% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) traded down $2.39 on Friday, hitting $107.69. 7,357,872 shares of the stock traded hands, compared to its average volume of 5,980,000. Texas Instruments Incorporated has a 52 week low of $74.52 and a 52 week high of $120.75. The firm has a market capitalization of $106,110.00, a P/E ratio of 29.91, a price-to-earnings-growth ratio of 2.30 and a beta of 1.24. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
Several research analysts recently commented on the stock. Bank of America raised their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. B. Riley restated a “neutral” rating and issued a $110.00 price target (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. SunTrust Banks restated a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a report on Thursday, October 12th. Oppenheimer restated a “buy” rating and issued a $110.00 price target (up previously from $92.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Finally, Mizuho reiterated a “buy” rating and set a $107.00 price objective (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Sixteen research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments has an average rating of “Buy” and an average target price of $109.65.
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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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