Texas Instruments Incorporated (NASDAQ:TXN) Stake Decreased by PGGM Investments
PGGM Investments decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 471,713 shares of the semiconductor company’s stock after selling 5,281 shares during the period. PGGM Investments’ holdings in Texas Instruments were worth $36,289,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of TXN. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the first quarter valued at approximately $101,000. ClariVest Asset Management LLC boosted its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC boosted its position in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares in the last quarter. TCI Wealth Advisors Inc. boosted its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares in the last quarter. Finally, American National Bank boosted its position in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 1,359 shares in the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.66% on Friday, reaching $80.89. 3,426,144 shares of the company traded hands. 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 price of $80.24 and a 200 day moving average price of $79.66. The firm 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 posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. Texas Instruments’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share. Analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 27th. This represents a $2.00 annualized dividend and a yield of 2.47%. Texas Instruments’s payout ratio is 50.51%.
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Several equities analysts have commented on TXN shares. Barclays PLC dropped their target price on shares of Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Vetr cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price on the stock. in a research report on Monday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Wednesday, April 19th. BMO Capital Markets reaffirmed a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a report on Monday, April 17th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $85.96.
In related news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at $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 over the last ninety days. 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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