Savant Capital LLC Acquires 209 Shares of Texas Instruments Incorporated (TXN)
Savant Capital LLC grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,919 shares of the semiconductor company’s stock after buying an additional 209 shares during the quarter. Savant Capital LLC’s holdings in Texas Instruments were worth $301,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments in the 1st quarter valued at $101,000. MV Capital Management Inc. raised its stake in shares of Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after buying an additional 93 shares in the last quarter. ClariVest Asset Management LLC raised its stake in shares of Texas Instruments by 8.4% in the 1st 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 raised its stake in shares of Texas Instruments by 6.5% in the 1st 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. Finally, TCI Wealth Advisors Inc. raised its stake in shares of Texas Instruments by 33.2% in the 1st 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. Institutional investors own 83.69% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 84.84 on Friday. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $85.03. The firm has a market capitalization of $83.99 billion, a P/E ratio of 21.22 and a beta of 1.20. The company has a 50 day moving average of $81.69 and a 200-day moving average of $80.55.
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, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. Analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current year.
TXN has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 target price (up previously from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and issued a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Barclays PLC upped their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $86.18.
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In related news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the sale, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock worth $17,259,256 over the last quarter. 0.96% of the stock is currently owned by company 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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