GHP Investment Advisors Inc. Has $838,000 Position in Texas Instruments Incorporated (TXN)
GHP Investment Advisors Inc. increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,897 shares of the semiconductor company’s stock after purchasing an additional 684 shares during the period. GHP Investment Advisors Inc.’s holdings in Texas Instruments were worth $838,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Enterprise Financial Services Corp grew its stake in shares of Texas Instruments by 0.3% during the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 4 shares during the period. Tradewinds Capital Management LLC grew its stake in shares of Texas Instruments by 0.4% during the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after purchasing an additional 8 shares during the period. Financial Advisory Service Inc. grew its stake in shares of Texas Instruments by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 12 shares during the period. TNB Financial grew its stake in shares of Texas Instruments by 0.5% during the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 14 shares during the period. Finally, Guardian Life Insurance Co. of America grew its stake in shares of Texas Instruments by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 26 shares during the period. 83.68% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on TXN. Jefferies Group LLC reaffirmed a “buy” rating and set a $96.00 price objective on shares of Texas Instruments in a research note on Monday. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Thursday, July 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. Finally, Cowen and Company reiterated a “hold” rating and set a $82.00 target price on shares of Texas Instruments in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Texas Instruments has an average rating of “Buy” and an average target price of $86.25.
Texas Instruments Incorporated (TXN) opened at 87.50 on Tuesday. The firm has a market cap of $86.63 billion, a P/E ratio of 21.89 and a beta of 1.20. The firm’s 50-day moving average price is $82.00 and its 200-day moving average price is $80.72. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $88.45.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm earned $0.76 EPS. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
Texas Instruments declared that its board has approved a stock buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.83%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.
In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction that occurred on 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 transaction, the director now owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Carrie Smith Cox sold 14,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the transaction, the director now directly owns 38,435 shares in the company, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,301 shares of company stock worth $17,259,256. Insiders own 0.96% of the company’s stock.
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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