Commerzbank Aktiengesellschaft FI raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 84.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,347 shares of the semiconductor company’s stock after purchasing an additional 7,016 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Texas Instruments were worth $1,376,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of TXN. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments during the first quarter worth $101,000. Patriot Financial Group Insurance Agency LLC grew its stake in shares of 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 worth $101,000 after purchasing an additional 200 shares in the last quarter. MV Capital Management Inc. grew its stake in shares of Texas Instruments by 7.6% during the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares in the last quarter. Acrospire Investment Management LLC grew its stake in shares of Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares in the last quarter. Finally, American National Bank grew its stake in shares of Texas Instruments by 2,470.9% during the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 1,359 shares in the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.
In other Texas Instruments news, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the transaction, 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 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 corporate insiders.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $97.02 on Thursday. Texas Instruments Incorporated has a 1-year low of $71.12 and a 1-year 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 company has a market cap of $95,620.00, a PE ratio of 23.87, a PEG ratio of 2.32 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. sell-side analysts anticipate that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.
Texas Instruments declared that its Board of Directors has initiated a share buyback plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a dividend of $0.62 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a yield of 2.56%. The ex-dividend date was Monday, October 30th. Texas Instruments’s dividend payout ratio is currently 56.49%.
A number of equities analysts recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. Drexel Hamilton reiterated a “buy” rating and set a $110.00 target price (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 target price (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Loop Capital restated a “hold” rating and issued a $102.00 price objective (up previously from $90.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $98.00 price objective (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. One 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. The company currently has a consensus rating of “Buy” and an average 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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