Texas Instruments Incorporated (TXN) Stake Boosted by Brookstone Capital Management

Brookstone Capital Management grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 23.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,168 shares of the semiconductor company’s stock after purchasing an additional 592 shares during the quarter. Brookstone Capital Management’s holdings in Texas Instruments were worth $331,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cypress Capital Management LLC grew its stake in shares of Texas Instruments by 64.7% in the fourth quarter. Cypress Capital Management LLC now owns 4,323 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 1,698 shares during the last quarter. Roundview Capital LLC grew its stake in shares of Texas Instruments by 67.3% in the fourth quarter. Roundview Capital LLC now owns 17,213 shares of the semiconductor company’s stock worth $1,798,000 after acquiring an additional 6,926 shares during the last quarter. Capital One National Association grew its stake in shares of Texas Instruments by 1.1% in the fourth quarter. Capital One National Association now owns 83,550 shares of the semiconductor company’s stock worth $8,726,000 after acquiring an additional 882 shares during the last quarter. Krueger & Catalano Capital Partners LLC acquired a new stake in shares of Texas Instruments in the fourth quarter worth $2,490,000. Finally, Ffcm LLC grew its stake in shares of Texas Instruments by 23.3% in the fourth quarter. Ffcm LLC now owns 116,915 shares of the semiconductor company’s stock worth $12,211,000 after acquiring an additional 22,110 shares during the last quarter. 83.67% of the stock is currently owned by institutional investors.

Texas Instruments Incorporated (TXN) opened at $102.68 on Thursday. The stock has a market capitalization of $101,200.00, a price-to-earnings ratio of 28.52, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Texas Instruments Incorporated has a twelve month low of $74.93 and a twelve month high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.09. The company 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 revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.91 earnings per share. equities research analysts anticipate that Texas Instruments Incorporated will post 4.97 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.62 per share. 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 2.42%. Texas Instruments’s payout ratio is presently 68.89%.

In other Texas Instruments news, insider Stephen A. Anderson sold 141,638 shares of Texas Instruments stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the completion of the transaction, the insider now directly owns 178,200 shares of the company’s stock, valued at $19,801,584. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 43,935 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.44, for a total value of $4,808,246.40. Following the transaction, the chairman now directly owns 798,812 shares of the company’s stock, valued at $87,421,985.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 707,677 shares of company stock valued at $78,161,034. Company insiders own 0.96% of the company’s stock.

Several brokerages have recently issued reports on TXN. Deutsche Bank raised their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Drexel Hamilton restated a “buy” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Loop Capital restated a “hold” rating and issued a $102.00 price objective (up previously from $90.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Nomura raised their price objective on shares of Texas Instruments from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Fifteen research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $109.65.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Week Herald and is owned by of Week Herald. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://weekherald.com/2018/02/15/texas-instruments-incorporated-txn-stake-boosted-by-brookstone-capital-management.html.

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.

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