Azimuth Capital Management LLC decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,575 shares of the semiconductor company’s stock after selling 125 shares during the quarter. Azimuth Capital Management LLC’s holdings in Texas Instruments were worth $3,049,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the stock. Budros Ruhlin & Roe Inc. boosted its stake in Texas Instruments by 0.6% in the fourth quarter. Budros Ruhlin & Roe Inc. now owns 10,504 shares of the semiconductor company’s stock worth $1,724,000 after purchasing an additional 59 shares in the last quarter. Sompo Asset Management Co. Ltd. raised its position in shares of Texas Instruments by 0.4% during the fourth quarter. Sompo Asset Management Co. Ltd. now owns 16,200 shares of the semiconductor company’s stock worth $2,659,000 after acquiring an additional 60 shares during the last quarter. SevenBridge Financial Group LLC raised its position in shares of Texas Instruments by 1.2% during the fourth quarter. SevenBridge Financial Group LLC now owns 5,316 shares of the semiconductor company’s stock worth $873,000 after acquiring an additional 65 shares during the last quarter. Highland Private Wealth Management increased its holdings in Texas Instruments by 1.7% in the fourth quarter. Highland Private Wealth Management now owns 3,970 shares of the semiconductor company’s stock valued at $651,000 after purchasing an additional 66 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in Texas Instruments by 0.5% in the fourth quarter. SeaCrest Wealth Management LLC now owns 15,271 shares of the semiconductor company’s stock valued at $2,506,000 after purchasing an additional 69 shares during the last quarter. 83.12% of the stock is currently owned by institutional investors and hedge funds.
TXN traded down $2.94 during midday trading on Tuesday, reaching $170.15. 225,769 shares of the company were exchanged, compared to its average volume of 4,608,027. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.29 and a current ratio of 4.24. The company’s fifty day moving average price is $172.20 and its 200 day moving average price is $155.35. The company has a market cap of $156.58 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.06. Texas Instruments Incorporated has a one year low of $93.09 and a one year high of $181.80.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, January 25th. The semiconductor company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.30. The firm had revenue of $4.08 billion during the quarter, compared to analyst estimates of $3.61 billion. Texas Instruments had a return on equity of 61.05% and a net margin of 36.24%. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS. As a group, sell-side analysts anticipate that Texas Instruments Incorporated will post 5.48 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 8th. Stockholders of record on Monday, February 1st were paid a $1.02 dividend. The ex-dividend date was Friday, January 29th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.40%. Texas Instruments’s payout ratio is presently 77.86%.
In related news, Director Mark A. Blinn sold 4,703 shares of the company’s stock in a transaction that occurred on Thursday, January 28th. The stock was sold at an average price of $165.25, for a total value of $777,170.75. Following the transaction, the director now owns 12,491 shares in the company, valued at $2,064,137.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Richard K. Templeton sold 112,500 shares of the company’s stock in a transaction that occurred on Friday, January 29th. The shares were sold at an average price of $166.13, for a total value of $18,689,625.00. Following the completion of the transaction, the chief executive officer now owns 579,059 shares in the company, valued at approximately $96,199,071.67. The disclosure for this sale can be found here. Insiders sold a total of 544,325 shares of company stock worth $92,809,465 in the last 90 days. Company insiders own 0.73% of the company’s stock.
Several equities research analysts have issued reports on the company. Mizuho increased their price target on Texas Instruments from $162.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday, January 27th. Cascend Securities upped their price objective on Texas Instruments from $175.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, January 22nd. Oppenheimer upped their price objective on Texas Instruments from $180.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, January 21st. Deutsche Bank Aktiengesellschaft increased their price target on Texas Instruments from $150.00 to $170.00 and gave the company a “hold” rating in a research report on Wednesday, January 27th. Finally, Summit Insights raised Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, January 27th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $165.71.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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