Sheaff Brock Investment Advisors LLC Has $8.45 Million Position in Texas Instruments Incorporated (TXN)
Sheaff Brock Investment Advisors LLC lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,279 shares of the semiconductor company’s stock after acquiring an additional 6,025 shares during the period. Texas Instruments makes up approximately 1.1% of Sheaff Brock Investment Advisors LLC’s holdings, making the stock its 16th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Texas Instruments were worth $8,451,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. State Street Corp raised its holdings in Texas Instruments by 1.4% during the 1st quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock worth $3,298,445,000 after buying an additional 573,645 shares during the period. Level Four Advisory Services LLC bought a new position in shares of Texas Instruments during the 1st quarter worth approximately $211,000. Signaturefd LLC grew its stake in shares of Texas Instruments by 17.0% during the 1st quarter. Signaturefd LLC now owns 5,017 shares of the semiconductor company’s stock worth $404,000 after acquiring an additional 728 shares in the last quarter. Day & Ennis LLC grew its stake in shares of Texas Instruments by 4.5% during the 1st quarter. Day & Ennis LLC now owns 11,013 shares of the semiconductor company’s stock worth $887,000 after acquiring an additional 470 shares in the last quarter. Finally, Investment Centers of America Inc. bought a new position in shares of Texas Instruments during the 1st quarter worth approximately $248,000. Institutional investors and hedge funds own 83.97% of the company’s stock.
In other news, VP Darla H. Whitaker sold 118,799 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the completion of the sale, the vice president now owns 123,993 shares of the company’s stock, valued at $11,933,086.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the sale, the insider now directly owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. Over the last ninety days, 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 $97.78 on Friday. Texas Instruments Incorporated has a 52 week low of $71.19 and a 52 week high of $99.79. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The firm has a market cap of $95,620.00, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.32 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.
Texas Instruments announced that its board has authorized a share buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.
The business also recently disclosed 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 represents a $2.48 dividend on an annualized basis and a yield of 2.54%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, October 30th. Texas Instruments’s payout ratio is 56.49%.
TXN has been the subject of several research reports. SunTrust Banks reaffirmed a “hold” rating and set a $96.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 price target (up from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reaffirmed a “hold” rating and set a $97.00 price target (up from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. BidaskClub cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target for the company in a research note on Friday, October 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price 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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