Texas Instruments Incorporated (NASDAQ:TXN) Position Maintained by AMF Pensionsforsakring AB
AMF Pensionsforsakring AB continued to hold its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,168,683 shares of the semiconductor company’s stock at the end of the second quarter. Texas Instruments comprises 1.1% of AMF Pensionsforsakring AB’s investment portfolio, making the stock its 20th largest position. AMF Pensionsforsakring AB’s holdings in Texas Instruments were worth $94,149,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in TXN. UMB Bank N A MO raised its stake in shares of Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock valued at $26,319,000 after buying an additional 15,401 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Texas Instruments by 0.9% in the first quarter. Rhumbline Advisers now owns 1,753,135 shares of the semiconductor company’s stock valued at $141,233,000 after buying an additional 15,099 shares in the last quarter. 1st Global Advisors Inc. purchased a new stake in shares of Texas Instruments during the first quarter valued at $406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Texas Instruments by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,152 shares of the semiconductor company’s stock valued at $5,974,000 after buying an additional 16,857 shares in the last quarter. Finally, American International Group Inc. raised its stake 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 in the last quarter. 84.64% of the stock is currently owned by institutional investors and hedge funds.
Texas Instruments Incorporated (NASDAQ TXN) traded up 0.66% during midday trading on Friday, reaching $80.89. The company’s stock had a trading volume of 3,426,144 shares. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65. The stock has a market capitalization of $80.08 billion, a price-to-earnings ratio of 20.23 and a beta of 1.21. The firm has a 50-day moving average price of $80.24 and a 200 day moving average price of $79.66.
Texas Instruments (NASDAQ:TXN) last issued 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. 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%. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio is currently 50.51%.
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Several brokerages recently weighed in on TXN. B. Riley reissued a “neutral” rating and issued a $89.00 price objective on shares of Texas Instruments in a report on Monday, July 31st. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $83.00 price objective (up from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Barclays PLC lowered their price objective on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Finally, Loop Capital reissued a “hold” rating and issued a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Texas Instruments presently has an average rating of “Buy” and a consensus target price of $85.96.
In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction that occurred on 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 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 legal filing with the SEC, which is available through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’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 transaction 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 disclosure for this sale can be found here. In the last three months, insiders sold 90,905 shares of company stock valued at $7,398,219. 0.96% of the stock is currently owned by company 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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