Buckley Wealth Management LLC Takes $1.21 Million Position in Texas Instruments Incorporated (TXN)
Buckley Wealth Management LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 11,534 shares of the semiconductor company’s stock, valued at approximately $1,205,000.
Several other large investors also recently made changes to their positions in TXN. Acrospire Investment Management LLC grew its stake in shares of Texas Instruments by 55.6% during the 2nd 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 period. Harvest Fund Management Co. Ltd bought a new position in shares of Texas Instruments during the 2nd quarter valued at approximately $112,000. Westside Investment Management Inc. grew its stake in shares of Texas Instruments by 6.9% during the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 100 shares during the period. Zions Bancorporation grew its stake in shares of Texas Instruments by 915.6% during the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,410 shares during the period. Finally, Willingdon Wealth Management bought a new position in shares of Texas Instruments during the 3rd quarter valued at approximately $141,000. Institutional investors own 84.30% of the company’s stock.
In related news, Chairman Richard K. Templeton sold 43,935 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $109.44, for a total transaction of $4,808,246.40. Following the sale, the chairman now owns 798,812 shares in the company, valued at approximately $87,421,985.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen A. Anderson sold 141,638 shares of the stock in a transaction on Friday, January 26th. The shares were sold at an average price of $111.12, for a total value of $15,738,814.56. Following the sale, the insider now owns 178,200 shares in the company, valued at approximately $19,801,584. The disclosure for this sale can be found here. Insiders have sold a total of 707,677 shares of company stock worth $78,161,034 in the last 90 days. 0.96% of the stock is currently owned by insiders.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $100.49 on Monday. The stock has a market capitalization of $99,040.00, a P/E ratio of 27.91, a PEG ratio of 2.11 and a beta of 1.24. Texas Instruments Incorporated has a twelve month low of $74.52 and a twelve month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. equities research analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
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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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