FNY Investment Advisers LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,500 shares of the semiconductor company’s stock, valued at approximately $268,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Summit Trail Advisors LLC grew its stake in shares of Texas Instruments by 30.5% during the 1st quarter. Summit Trail Advisors LLC now owns 6,938 shares of the semiconductor company’s stock worth $595,000 after acquiring an additional 1,622 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Texas Instruments by 2.9% during the 1st quarter. Brown Advisory Inc. now owns 59,452 shares of the semiconductor company’s stock worth $6,178,000 after acquiring an additional 1,702 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Texas Instruments by 108.2% during the 2nd quarter. Private Trust Co. NA now owns 8,895 shares of the semiconductor company’s stock worth $980,000 after acquiring an additional 4,622 shares in the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of Texas Instruments by 3.0% during the 2nd quarter. Neville Rodie & Shaw Inc. now owns 20,675 shares of the semiconductor company’s stock worth $2,279,000 after acquiring an additional 600 shares in the last quarter. Finally, First Financial Bank Trust Division bought a new position in shares of Texas Instruments during the 2nd quarter worth approximately $208,000. 84.21% of the stock is owned by institutional investors and hedge funds.
In other Texas Instruments news, Director Martin S. Craighead purchased 10,900 shares of the business’s stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, with a total value of $999,530.00. Following the acquisition, the director now directly owns 13,100 shares of the company’s stock, valued at approximately $1,201,270. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.84% of the company’s stock.
Shares of Texas Instruments stock opened at $92.99 on Wednesday. Texas Instruments Incorporated has a 1 year low of $87.90 and a 1 year high of $120.75. The firm has a market cap of $88.04 billion, a price-to-earnings ratio of 21.73, a price-to-earnings-growth ratio of 1.76 and a beta of 1.19. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.05. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The business had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 5.41 EPS for the current fiscal year.
Texas Instruments announced that its Board of Directors has initiated a stock repurchase plan on Thursday, September 20th that allows the company to buyback $12.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 11.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.77 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $3.08 annualized dividend and a yield of 3.31%. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.
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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