Cypress Capital Group Reduces Stake in Texas Instruments Incorporated (TXN)
Cypress Capital Group decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 18.3% during the first quarter, according to its most recent filing with the SEC. The fund owned 4,065 shares of the semiconductor company’s stock after selling 910 shares during the period. Cypress Capital Group’s holdings in Texas Instruments were worth $327,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Koshinski Asset Management Inc. acquired a new stake in shares of Texas Instruments during the first quarter valued at $256,000. Pennsylvania Trust Co boosted its stake in shares of Texas Instruments by 1,441.9% in the first quarter. Pennsylvania Trust Co now owns 90,601 shares of the semiconductor company’s stock valued at $7,299,000 after buying an additional 84,725 shares in the last quarter. Legacy Private Trust Co. boosted its stake in shares of Texas Instruments by 21.7% in the first quarter. Legacy Private Trust Co. now owns 73,098 shares of the semiconductor company’s stock valued at $5,889,000 after buying an additional 13,027 shares in the last quarter. TNB Financial acquired a new stake in shares of Texas Instruments during the first quarter valued at $231,000. Finally, Honkamp Krueger Financial Services Inc. boosted its stake in shares of Texas Instruments by 241.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 10,069 shares of the semiconductor company’s stock valued at $811,000 after buying an additional 7,123 shares in the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.78% during midday trading on Thursday, hitting $81.64. 613,008 shares of the company were exchanged. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65. The stock has a 50 day moving average of $80.17 and a 200 day moving average of $79.62. The firm has a market capitalization of $80.83 billion, a PE ratio of 20.42 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the company posted $0.76 EPS. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.
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Several analysts recently weighed in on TXN shares. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and issued a $83.00 price objective (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and issued a $86.00 price objective (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company boosted their price objective on shares of Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC boosted their price objective on shares of Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average target price of $85.96.
In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the transaction, the director now directly owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Niels Anderskouv sold 32,420 shares of Texas Instruments stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $80.61, for a total transaction of $2,613,376.20. Following the completion of the transaction, the insider now directly owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,325 shares of company stock valued at $10,011,596. 0.96% of the stock is currently owned by corporate insiders.
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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