Texas Instruments Incorporated (TXN) Stake Raised by Wetherby Asset Management Inc.

Wetherby Asset Management Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 3.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,764 shares of the semiconductor company’s stock after buying an additional 797 shares during the quarter. Wetherby Asset Management Inc.’s holdings in Texas Instruments were worth $2,690,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Taylor Hoffman Wealth Management purchased a new stake in shares of Texas Instruments in the fourth quarter worth approximately $105,000. Westside Investment Management Inc. raised 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 worth $122,000 after buying an additional 100 shares during the period. Zions Bancorporation raised 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 worth $140,000 after buying an additional 1,410 shares during the period. Willingdon Wealth Management purchased a new stake in shares of Texas Instruments in the third quarter worth approximately $141,000. Finally, Advantage Investment Management LLC raised its holdings in shares of Texas Instruments by 156.9% in the third quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock worth $158,000 after buying an additional 1,073 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

In other Texas Instruments news, COO Brian T. Crutcher sold 267,201 shares of Texas Instruments stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the completion of the sale, the chief operating officer now owns 246,961 shares of the company’s stock, valued at approximately $27,432,427.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen A. Anderson sold 141,638 shares of Texas Instruments stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the sale, the insider now directly owns 178,200 shares of the company’s stock, valued at approximately $19,801,584. 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 (NASDAQ TXN) opened at $104.47 on Tuesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. The firm has a market capitalization of $102,960.00, a price-to-earnings ratio of 29.02, a PEG ratio of 2.19 and a beta of 1.24. Texas Instruments Incorporated has a 52-week low of $75.92 and a 52-week 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 the Zacks’ consensus estimate of $1.09. The firm had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.91 EPS. research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.37%. Texas Instruments’s payout ratio is 68.89%.

Several research analysts have commented on TXN shares. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price objective (up from $96.00) on shares of Texas Instruments in a report on Monday, October 23rd. Drexel Hamilton restated a “buy” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Loop Capital restated a “hold” rating and set a $102.00 price objective (up from $90.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and set a $98.00 price objective (up from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $109.65.

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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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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