Roof Eidam & Maycock ADV Acquires Shares of 3,745 Texas Instruments Incorporated (TXN)
Roof Eidam & Maycock ADV acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 3,745 shares of the semiconductor company’s stock, valued at approximately $288,000.
Several other hedge funds have also recently bought and sold shares of TXN. BlackRock Inc. raised its stake in Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after buying an additional 61,521,990 shares during the last quarter. Jennison Associates LLC raised its stake in Texas Instruments by 370.0% in the first quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock valued at $650,997,000 after buying an additional 6,361,577 shares during the last quarter. Vanguard Group Inc. raised its stake in Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after buying an additional 3,551,400 shares during the last quarter. American Century Companies Inc. raised its stake in Texas Instruments by 252.0% in the first quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock valued at $269,580,000 after buying an additional 2,395,581 shares during the last quarter. Finally, Waddell & Reed Financial Inc. raised its stake in Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after buying an additional 1,643,640 shares during the last quarter. 84.64% of the stock is owned by institutional investors.
Texas Instruments Incorporated (NASDAQ TXN) traded up 0.66% during midday trading on Friday, reaching $80.89. 3,426,144 shares of the company traded hands. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The company has a 50 day moving average of $80.24 and a 200-day moving average of $79.66. The stock has a market capitalization of $80.08 billion, a P/E ratio of 20.23 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share 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 for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.
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A number of analysts recently weighed in on the stock. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC raised their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Robert W. Baird raised their price target on shares of Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Tuesday, April 18th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. 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. The company presently has an average rating of “Buy” and an average target price of $85.96.
In related news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the completion of the sale, the director now owns 27,565 shares in the company, valued at $2,245,996.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 90,905 shares of company stock valued at $7,398,219 in the last 90 days. 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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