Texas Instruments Incorporated (TXN) Stake Maintained by IFM Investors Pty Ltd
IFM Investors Pty Ltd continued to hold its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,834 shares of the semiconductor company’s stock at the end of the first quarter. IFM Investors Pty Ltd’s holdings in Texas Instruments were worth $1,034,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Cibc World Markets Corp increased its position in shares of Texas Instruments by 551.7% in the first quarter. Cibc World Markets Corp now owns 479,437 shares of the semiconductor company’s stock valued at $38,623,000 after buying an additional 405,871 shares during the period. Bancorpsouth Inc. increased its position in shares of Texas Instruments by 30.9% in the first quarter. Bancorpsouth Inc. now owns 3,880 shares of the semiconductor company’s stock valued at $313,000 after buying an additional 916 shares during the period. Shoker Investment Counsel Inc. increased its position in shares of Texas Instruments by 4.3% in the first quarter. Shoker Investment Counsel Inc. now owns 9,098 shares of the semiconductor company’s stock valued at $732,000 after buying an additional 377 shares during the period. Noesis Capital Mangement Corp bought a new position in shares of Texas Instruments during the first quarter valued at about $229,000. Finally, American International Group Inc. increased its position in shares of Texas Instruments by 1.6% in the first quarter. American International Group Inc. now owns 471,415 shares of the semiconductor company’s stock valued at $37,977,000 after buying an additional 7,369 shares during the period. Institutional investors and hedge funds own 84.55% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at 81.66 on Tuesday. The firm’s 50-day moving average price is $80.47 and its 200-day moving average price is $78.30. Texas Instruments Incorporated has a 52-week low of $64.54 and a 52-week high of $84.65. The firm has a market cap of $81.36 billion, a P/E ratio of 21.73 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The business had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post $3.93 EPS for the current year.
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Several research analysts recently issued reports on the stock. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday. Cowen and Company reissued a “hold” rating and set a $82.00 price objective on shares of Texas Instruments in a report on Friday. Jefferies Group LLC reissued a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Texas Instruments in a report on Friday, June 16th. Finally, B. Riley reissued a “neutral” rating and set a $83.00 price objective on shares of Texas Instruments in a report on Monday, May 1st. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.21.
In other news, Director Pamela H. Patsley sold 7,000 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $80.55, for a total transaction of $563,850.00. Following the completion of the sale, the director now owns 35,296 shares in the company, valued at $2,843,092.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Niels Anderskouv sold 134,360 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total value of $10,805,231.20. Following the sale, the insider now owns 132,079 shares of the company’s stock, valued at approximately $10,621,793.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,780 shares of company stock valued at $26,093,457. 0.96% of the stock is currently owned by corporate insiders.
About Texas Instruments
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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