Dividend Assets Capital LLC Has $58.24 Million Stake in Texas Instruments Incorporated (TXN)
Dividend Assets Capital LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 757,072 shares of the semiconductor company’s stock after acquiring an additional 15,945 shares during the quarter. Texas Instruments comprises about 2.3% of Dividend Assets Capital LLC’s holdings, making the stock its 10th biggest holding. Dividend Assets Capital LLC owned 0.08% of Texas Instruments worth $58,242,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. American Beacon Advisors Inc. bought a new position in shares of Texas Instruments in the first quarter valued at approximately $101,000. ClariVest Asset Management LLC boosted its position in shares of 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 acquiring an additional 100 shares during the period. Balentine LLC boosted its position in shares of 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 acquiring an additional 80 shares during the period. MV Capital Management Inc. boosted its position in shares of Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 93 shares during the period. Finally, TCI Wealth Advisors Inc. boosted its position in shares of 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 acquiring an additional 333 shares during the period. Institutional investors own 83.69% of the company’s stock.
In other Texas Instruments news, insider Ellen Barker sold 15,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the sale, the insider now owns 45,697 shares in the company, valued at $3,741,213.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the sale, the insider now owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock worth $17,259,256. Insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at 83.30 on Friday. The firm’s 50-day moving average is $81.58 and its 200-day moving average is $80.49. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $84.65. The stock has a market capitalization of $82.47 billion, a P/E ratio of 20.84 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $0.76 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
A number of research firms have recently commented on TXN. Royal Bank Of Canada raised their price objective on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. UBS AG reiterated a “buy” rating and set a $93.00 target price (up from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Loop Capital reiterated a “hold” rating and set a $84.00 target price (up from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Drexel Hamilton lifted their target price on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $86.18.
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Texas Instruments 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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