First Mercantile Trust Co. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,462 shares of the semiconductor company’s stock after selling 696 shares during the quarter. First Mercantile Trust Co.’s holdings in Texas Instruments were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in shares of Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after buying an additional 500 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in Texas Instruments during the second quarter worth about $112,000. Westside Investment Management Inc. raised its holdings in Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares in the last quarter. Zions Bancorporation raised its holdings in Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new position in Texas Instruments during the third quarter worth about $141,000. 83.67% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Cynthia Hoff Trochu sold 3,574 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total value of $395,463.10. Following the completion of the sale, the senior vice president now owns 68,918 shares of the company’s stock, valued at approximately $7,625,776.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock valued at $83,306,399 in the last three months. Insiders own 0.96% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) opened at $104.47 on Friday. Texas Instruments Incorporated has a one year low of $75.66 and a one year high of $120.75. The stock has a market cap of $102,960.00, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.19 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 released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is currently 68.89%.
Several research firms recently issued reports on TXN. Drexel Hamilton reissued a “buy” rating and set a $130.00 price target (up from $110.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Mizuho reaffirmed a “buy” rating and issued a $107.00 target price (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Citigroup reaffirmed a “buy” rating and issued a $135.00 target price (up from $110.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Morgan Stanley increased their target price on shares of Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, SunTrust Banks increased their target price on shares of Texas Instruments from $96.00 to $117.00 and gave the company a “hold” rating in a report on Wednesday, January 24th. Fifteen research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Texas Instruments presently 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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