Janney Montgomery Scott LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 134,879 shares of the semiconductor company’s stock after buying an additional 15,796 shares during the period. Janney Montgomery Scott LLC’s holdings in Texas Instruments were worth $14,471,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Kiley Juergens Wealth Management LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $100,000. Centaurus Financial Inc. purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $101,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $105,000. Kwmg LLC purchased a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $107,000. 84.41% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the completion of the sale, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin S. Craighead bought 10,900 shares of Texas Instruments stock in a transaction dated Thursday, October 25th. The stock was purchased at an average price of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares in the company, valued at approximately $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is owned by corporate insiders.
Shares of NASDAQ:TXN opened at $96.10 on Friday. The firm has a market cap of $93.36 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 1.89 and a beta of 1.28. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41. Texas Instruments Incorporated has a 1-year low of $87.90 and a 1-year high of $120.75.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. The firm had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. Texas Instruments’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 EPS. As a group, research analysts expect that Texas Instruments Incorporated will post 5.42 earnings per share for the current fiscal year.
Texas Instruments announced that its board has approved a stock buyback program on Thursday, September 20th that permits the company to repurchase $12.00 billion in shares. This repurchase authorization permits the semiconductor company to buy up to 11.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. The ex-dividend date is Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio is currently 71.96%.
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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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