Alpha Windward LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 136.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,702 shares of the semiconductor company’s stock after acquiring an additional 5,598 shares during the quarter. Texas Instruments comprises approximately 0.5% of Alpha Windward LLC’s holdings, making the stock its 15th biggest position. Alpha Windward LLC’s holdings in Texas Instruments were worth $870,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in TXN. American Beacon Advisors Inc. purchased a new stake in Texas Instruments in the 1st quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Texas Instruments by 18.4% in the 2nd 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 in the last quarter. MV Capital Management Inc. increased its holdings in Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 93 shares in the last quarter. ClariVest Asset Management LLC increased its holdings in Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after acquiring an additional 100 shares in the last quarter. Finally, Balentine LLC increased its holdings in Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after acquiring an additional 80 shares in the last quarter. 84.22% of the stock is owned by institutional investors.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded down $0.07 during trading on Wednesday, hitting $96.96. The stock had a trading volume of 3,252,600 shares, compared to its average volume of 4,610,685. The stock has a market capitalization of $95,628.94, a price-to-earnings ratio of 23.90, a P/E/G ratio of 2.34 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. Texas Instruments Incorporated has a 1 year low of $69.92 and a 1 year high of $99.05.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. research analysts forecast that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.
Texas Instruments declared that its board has initiated a stock repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 74% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.62 per share. The ex-dividend date was Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.
A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Loop Capital reaffirmed a “hold” rating and set a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. UBS AG reaffirmed a “buy” rating and set a $93.00 price objective (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Bank of America Corporation increased their price objective 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. Finally, Drexel Hamilton increased their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.85.
In other Texas Instruments news, COO Brian T. Crutcher sold 68,687 shares of Texas Instruments stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.10, for a total value of $6,600,820.70. Following the transaction, the chief operating officer now owns 346,428 shares in the company, valued at $33,291,730.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the transaction, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,362,293 shares of company stock worth $131,754,396. Insiders own 0.96% of the company’s stock.
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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.
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