Brown Advisory Inc. Raises Holdings in Texas Instruments Incorporated (TXN)
Brown Advisory Inc. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,028 shares of the semiconductor company’s stock after buying an additional 623 shares during the period. Brown Advisory Inc.’s holdings in Texas Instruments were worth $4,843,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of TXN. Janus Henderson Group PLC boosted its stake in shares of Texas Instruments by 729.1% during the 2nd quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after buying an additional 10,928,410 shares during the period. Vanguard Group Inc. boosted its stake in shares of Texas Instruments by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after buying an additional 1,683,613 shares during the period. Waddell & Reed Financial Inc. boosted its stake in shares of Texas Instruments by 476.4% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after buying an additional 1,643,640 shares during the period. Koch Industries Inc. boosted its stake in shares of Texas Instruments by 36,796.2% during the 2nd quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock valued at $1,342,000 after buying an additional 1,355,571 shares during the period. Finally, Janus Capital Management LLC boosted its stake in shares of Texas Instruments by 22.3% during the 1st quarter. Janus Capital Management LLC now owns 7,433,168 shares of the semiconductor company’s stock valued at $598,816,000 after buying an additional 1,353,492 shares during the period. 83.97% of the stock is owned by institutional investors.
In other news, VP Darla H. Whitaker sold 118,799 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the transaction, the vice president now owns 123,993 shares in the company, valued at approximately $11,933,086.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 238,750 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares in the company, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at $96.90 on Wednesday. The firm has a market cap of $95,776.77, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.32 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a 52-week low of $70.61 and a 52-week high of $99.79.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during 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 business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. equities analysts expect that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.
Texas Instruments declared that its board has initiated a stock repurchase program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were given 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 yield of 2.56%. Texas Instruments’s payout ratio is currently 57.94%.
A number of equities research analysts have issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Deutsche Bank lifted their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of “Buy” and a consensus price target of $93.85.
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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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