Texas Instruments Incorporated (TXN) Position Increased by Signaturefd LLC
Signaturefd LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,017 shares of the semiconductor company’s stock after buying an additional 728 shares during the period. Signaturefd LLC’s holdings in Texas Instruments were worth $404,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the stock. Level Four Advisory Services LLC bought a new position in shares of Texas Instruments during the first quarter valued at $211,000. State Street Corp raised its position in shares of Texas Instruments by 1.4% in the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after buying an additional 573,645 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Texas Instruments during the first quarter valued at $4,597,000. Oppenheimer & Co. Inc. raised its position in shares of Texas Instruments by 2.8% in the first quarter. Oppenheimer & Co. Inc. now owns 118,270 shares of the semiconductor company’s stock valued at $9,527,000 after buying an additional 3,266 shares in the last quarter. Finally, Marsico Capital Management LLC bought a new position in shares of Texas Instruments during the first quarter valued at $34,165,000. Hedge funds and other institutional investors own 84.64% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down 0.79% during mid-day trading on Thursday, hitting $81.63. 612,319 shares of the company were exchanged. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65. The company has a market capitalization of $80.82 billion, a P/E ratio of 20.42 and a beta of 1.21. The company has a 50 day moving average of $80.17 and a 200 day moving average of $79.62.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. Texas Instruments’s payout ratio is currently 50.51%.
TRADEMARK VIOLATION NOTICE: “Texas Instruments Incorporated (TXN) Position Increased by Signaturefd LLC” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.dailypolitical.com/2017/08/10/texas-instruments-incorporated-txn-position-increased-by-signaturefd-llc.html.
Several equities analysts have recently weighed in on the stock. B. Riley reiterated a “neutral” rating and set a $89.00 price objective on shares of Texas Instruments in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a report on Thursday, July 27th. Morgan Stanley reiterated an “equal weight” rating and set a $83.00 price objective (up previously from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Barclays PLC dropped their price objective on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Finally, Loop Capital reiterated a “hold” rating and set a $84.00 price objective (up previously from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One equities 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 assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $85.96.
In other Texas Instruments news, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the completion of the transaction, the director now owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 123,325 shares of company stock valued at $10,011,596. Company insiders own 0.96% of the company’s stock.
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).
Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.