Segall Bryant & Hamill LLC Has $2.24 Million Position in Texas Instruments Incorporated (TXN)
Segall Bryant & Hamill LLC increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,999 shares of the semiconductor company’s stock after buying an additional 3,260 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Texas Instruments were worth $2,241,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the period. BlackRock Inc. raised its position in Texas Instruments by 1.1% in the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after purchasing an additional 681,821 shares during the period. Northern Trust Corp raised its position in Texas Instruments by 0.4% in the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after purchasing an additional 53,846 shares during the period. Janus Henderson Group PLC raised its position in Texas Instruments by 729.1% in the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock valued at $955,996,000 after purchasing an additional 10,928,410 shares during the period. Finally, FMR LLC raised its position in Texas Instruments by 2.1% in the second quarter. FMR LLC now owns 12,422,815 shares of the semiconductor company’s stock valued at $955,687,000 after purchasing an additional 250,488 shares during the period. Hedge funds and other institutional investors own 83.97% of the company’s stock.
A number of research firms have commented on TXN. Sanford C. Bernstein restated an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a research report on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $85.00 target price on shares of Texas Instruments in a research report on Wednesday, October 4th. Jefferies Group restated a “buy” rating and issued a $96.00 target price on shares of Texas Instruments in a research report on Monday, September 25th. Barclays lifted their target price on Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Finally, KeyCorp restated a “hold” rating on shares of Texas Instruments in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and an average price target of $93.85.
Texas Instruments Incorporated (NASDAQ TXN) opened at $98.02 on Monday. Texas Instruments Incorporated has a one year low of $71.19 and a one year high of $99.79. The company has a market capitalization of $96,600.00, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.34 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 (NASDAQ:TXN) last released its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. 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 firm posted $0.94 EPS. Texas Instruments’s revenue for the quarter was up 12.0% on a year-over-year basis. analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.53%. 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 presently 56.49%.
Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Texas Instruments news, COO Brian T. Crutcher sold 68,687 shares of Texas Instruments stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the completion of the sale, the chief operating officer now directly owns 346,428 shares of the company’s stock, valued at approximately $33,291,730.80. The sale was disclosed in a document filed 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 dated 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 $18,438,960.96. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock valued at $131,754,396 over the last three months. 0.96% of the stock is currently owned by insiders.
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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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