Texas Instruments Incorporated (TXN) Shares Sold by Breton Hill Capital Ltd.
Breton Hill Capital Ltd. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,928 shares of the semiconductor company’s stock after selling 2,328 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Texas Instruments were worth $1,338,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the stock. American Beacon Advisors Inc. bought a new stake in Texas Instruments during the first quarter valued at $101,000. Patriot Financial Group Insurance Agency LLC boosted its position in Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares during the last quarter. MV Capital Management Inc. boosted its position in Texas Instruments by 7.6% during 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 last quarter. Balentine LLC boosted its position in Texas Instruments by 6.5% during 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 last quarter. Finally, Acrospire Investment Management LLC boosted its position in Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.
In other Texas Instruments news, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at $109,737,274.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the transaction, the director now directly owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last ninety days. Insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at $97.74 on Monday. The company has a market cap of $96,328.69, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.35 and a beta of 1.28. Texas Instruments Incorporated has a 52-week low of $69.92 and a 52-week high of $99.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. analysts forecast that Texas Instruments Incorporated will post 4.34 earnings per share for the current year.
Texas Instruments declared that its board has authorized a stock repurchase plan on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.62 per share. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.54%. Texas Instruments’s payout ratio is presently 57.94%.
A number of analysts have commented on the stock. Royal Bank Of Canada upped their price target 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 reaffirmed a “buy” rating and set a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Loop Capital reaffirmed a “hold” rating and set a $84.00 price target (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Bank of America Corporation upped their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Drexel Hamilton upped their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $93.85.
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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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