Opus Capital Group LLC Sells 1,708 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Opus Capital Group LLC lessened its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,700 shares of the semiconductor company’s stock after selling 1,708 shares during the period. Opus Capital Group LLC’s holdings in Texas Instruments were worth $1,383,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Delta Asset Management LLC TN increased its position in shares of Texas Instruments by 890.9% during the third quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 196 shares in the last quarter. Financial Advantage Inc. bought a new stake in shares of Texas Instruments during the third quarter worth $34,000. Shine Investment Advisory Services Inc. increased its position in shares of Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 279 shares in the last quarter. Pathstone Family Office LLC increased its position in shares of Texas Instruments by 106.0% during the second quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 194 shares in the last quarter. Finally, TD Capital Management LLC bought a new stake in shares of Texas Instruments during the second quarter worth $45,000. 85.49% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on TXN. Credit Suisse Group increased their price objective on shares of Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Bank of America lowered their price objective on shares of Texas Instruments from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. SunTrust Banks lowered their price objective on shares of Texas Instruments from $133.00 to $122.00 and set a “hold” rating for the company in a research report on Wednesday, October 23rd. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 target price for the company. in a research report on Monday, August 26th. Finally, BMO Capital Markets raised their target price on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $120.97.

Texas Instruments stock traded up $0.19 during mid-day trading on Friday, reaching $120.11. The company’s stock had a trading volume of 3,804,800 shares, compared to its average volume of 5,050,332. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $132.20. The company has a market capitalization of $112.04 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The business’s 50 day simple moving average is $125.47 and its 200 day simple moving average is $119.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.32 and a current ratio of 4.34.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.82 billion. During the same period last year, the firm earned $1.56 earnings per share. Texas Instruments’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 4.94 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Thursday, October 31st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.00%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. The ex-dividend date is Wednesday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 66.42%.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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