Everett Harris & Co. CA grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,084 shares of the semiconductor company’s stock after purchasing an additional 350 shares during the period. Everett Harris & Co. CA’s holdings in Texas Instruments were worth $392,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. M&T Bank Corp raised its position in Texas Instruments by 6.1% during the second quarter. M&T Bank Corp now owns 147,433 shares of the semiconductor company’s stock valued at $18,720,000 after buying an additional 8,424 shares during the period. Eads & Heald Wealth Management grew its stake in Texas Instruments by 1.5% during the 2nd quarter. Eads & Heald Wealth Management now owns 9,223 shares of the semiconductor company’s stock valued at $1,171,000 after acquiring an additional 140 shares in the last quarter. Iberiabank Corp increased its holdings in shares of Texas Instruments by 1.2% in the 2nd quarter. Iberiabank Corp now owns 18,314 shares of the semiconductor company’s stock valued at $2,325,000 after purchasing an additional 222 shares during the period. Eukles Asset Management lifted its position in shares of Texas Instruments by 16.1% in the second quarter. Eukles Asset Management now owns 8,301 shares of the semiconductor company’s stock worth $1,054,000 after purchasing an additional 1,154 shares in the last quarter. Finally, Main Street Research LLC acquired a new stake in shares of Texas Instruments during the second quarter worth approximately $14,756,000. 83.83% of the stock is owned by institutional investors and hedge funds.
In other news, VP Ahmad Bahai sold 3,185 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $115.57, for a total value of $368,090.45. Following the sale, the vice president now directly owns 27,168 shares in the company, valued at approximately $3,139,805.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Kyle M. Flessner sold 26,350 shares of the stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $131.59, for a total value of $3,467,396.50. Following the completion of the transaction, the vice president now directly owns 79,424 shares of the company’s stock, valued at $10,451,404.16. The disclosure for this sale can be found here. Insiders sold a total of 122,396 shares of company stock worth $15,983,413 in the last three months. Insiders own 0.73% of the company’s stock.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, July 21st. The semiconductor company reported $1.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. The company had revenue of $3.24 billion for the quarter, compared to analyst estimates of $2.96 billion. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. During the same quarter last year, the firm earned $1.36 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post 5.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Shareholders of record on Friday, July 31st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Thursday, July 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 68.70%.
Several research analysts have weighed in on TXN shares. Stifel Nicolaus upped their price objective on shares of Texas Instruments from $125.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Longbow Research initiated coverage on Texas Instruments in a report on Wednesday, April 22nd. They set a “neutral” rating for the company. Susquehanna Bancshares lifted their price objective on Texas Instruments from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group upped their target price on Texas Instruments from $136.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Finally, SunTrust Banks raised their price target on Texas Instruments from $109.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, April 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $134.00.
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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