Texas Instruments Incorporated (TXN) Position Reduced by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,709 shares of the semiconductor company’s stock after selling 6,570 shares during the period. Texas Instruments comprises approximately 1.2% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 17th largest position. Sheaff Brock Investment Advisors LLC’s holdings in Texas Instruments were worth $9,160,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Texas Instruments during the 4th quarter valued at approximately $105,000. Westside Investment Management Inc. lifted its position in shares of Texas Instruments by 6.9% during the 2nd 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 during the period. Zions Bancorporation lifted its position in shares of Texas Instruments by 915.6% during the 3rd 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 during the period. Willingdon Wealth Management acquired a new stake in shares of Texas Instruments during the 3rd quarter valued at approximately $141,000. Finally, Advantage Investment Management LLC lifted its position in shares of Texas Instruments by 156.9% during the 3rd quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 1,073 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

In other news, SVP Cynthia Hoff Trochu sold 3,574 shares of the business’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total transaction of $395,463.10. Following the completion of the sale, the senior vice president now directly owns 68,918 shares of the company’s stock, valued at approximately $7,625,776.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bing Xie sold 15,877 shares of the business’s stock in a transaction on 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 directly owns 63,048 shares of the company’s stock, valued at $6,885,472.08. The disclosure for this sale can be found here. Insiders have sold a total of 757,632 shares of company stock valued at $83,306,399 over the last three months. Corporate insiders own 0.96% of the company’s stock.

Several research analysts recently issued reports on the company. B. Riley restated a “neutral” rating and set a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Mizuho restated a “buy” rating and set a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Nomura lifted their price objective on Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets restated an “outperform” rating and set a $138.00 price objective (up from $5.08) on shares of Texas Instruments in a research report on Friday, January 19th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $109.65.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $103.93 on Friday. The company has a market cap of $102,163.21, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 2.17 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 $75.92 and a 12 month high of $120.75.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting 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 company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the company earned $0.91 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. equities analysts anticipate that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were paid a dividend of $0.62 per share. The ex-dividend date was Tuesday, January 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.39%. Texas Instruments’s dividend payout ratio is presently 68.89%.

COPYRIGHT VIOLATION NOTICE: “Texas Instruments Incorporated (TXN) Position Reduced by Sheaff Brock Investment Advisors LLC” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another publication, it was illegally copied and republished in violation of US & international trademark & copyright law. The original version of this story can be read at https://www.dispatchtribunal.com/2018/02/23/texas-instruments-incorporated-txn-position-reduced-by-sheaff-brock-investment-advisors-llc.html.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply