Institutional & Family Asset Management LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN – Get Rating) by 18.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,524 shares of the semiconductor company's stock after acquiring an additional 4,226 shares during the period. Institutional & Family Asset Management LLC's holdings in Texas Instruments were worth $4,260,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Scotia Capital Inc. grew its position in shares of Texas Instruments by 6.0% during the second quarter. Scotia Capital Inc. now owns 43,528 shares of the semiconductor company's stock worth $6,688,000 after acquiring an additional 2,483 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Texas Instruments by 0.7% during the third quarter. Bailard Inc. now owns 78,954 shares of the semiconductor company's stock worth $12,220,000 after purchasing an additional 587 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of Texas Instruments by 12.4% during the second quarter. Commonwealth Equity Services LLC now owns 207,259 shares of the semiconductor company's stock worth $31,845,000 after purchasing an additional 22,796 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Texas Instruments by 11.7% during the third quarter. Capital Investment Advisors LLC now owns 40,402 shares of the semiconductor company's stock worth $6,253,000 after purchasing an additional 4,236 shares during the period. Finally, Cetera Advisor Networks LLC lifted its holdings in shares of Texas Instruments by 13.8% during the second quarter. Cetera Advisor Networks LLC now owns 32,845 shares of the semiconductor company's stock worth $5,047,000 after purchasing an additional 3,972 shares during the period. 83.12% of the stock is currently owned by hedge funds and other institutional investors.
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Texas Instruments Stock Down 0.0 %
Shares of TXN traded down $0.01 during trading on Friday, reaching $174.09. The company's stock had a trading volume of 1,062,626 shares, compared to its average volume of 5,534,629. The company has a fifty day moving average of $172.95 and a two-hundred day moving average of $168.66. Texas Instruments Incorporated has a twelve month low of $144.46 and a twelve month high of $191.34. The company has a market cap of $158.00 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.42 and a beta of 1.02. The company has a quick ratio of 4.06, a current ratio of 4.70 and a debt-to-equity ratio of 0.56.
Texas Instruments (NASDAQ:TXN – Get Rating) last announced its earnings results on Tuesday, January 24th. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.96 by $0.17. Texas Instruments had a return on equity of 61.06% and a net
margin of 43.68%. The company had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.64 billion. During the same period in the prior year, the company posted $2.27 EPS. Texas Instruments's quarterly revenue was down 3.4% on a year-over-year basis. On average, sell-side analysts predict that Texas Instruments Incorporated will post 7.74 EPS for the current fiscal year.
Texas Instruments Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 14th. Stockholders of record on Tuesday, January 31st will be issued a $1.24 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.85%. Texas Instruments's dividend payout ratio (DPR) is 52.77%.
Insider Activity
In other news, VP Ahmad Bahai sold 1,109 shares of the business's stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $180.01, for a total value of $199,631.09. Following the completion of the sale, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Ahmad Bahai sold 1,109 shares of the company's stock in a transaction on Friday, November 11th. The stock was sold at an average price of $180.01, for a total transaction of $199,631.09. Following the completion of the transaction, the vice president now directly owns 27,306 shares in the company, valued at approximately $4,915,353.06. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Janet F. Clark sold 9,990 shares of the company's stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $175.16, for a total value of $1,749,848.40. Following the transaction, the director now owns 8,942 shares of the company's stock, valued at $1,566,280.72. The disclosure for this sale can be found here. Company insiders own 0.54% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Susquehanna raised their target price on Texas Instruments from $195.00 to $205.00 and gave the company a "positive" rating in a report on Wednesday. Sanford C. Bernstein reduced their target price on Texas Instruments to $145.00 in a report on Thursday, October 27th. StockNews.com cut Texas Instruments from a "buy" rating to a "hold" rating in a research report on Wednesday, November 2nd. Susquehanna Bancshares dropped their price target on Texas Instruments from $215.00 to $195.00 in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Texas Instruments from $155.00 to $158.00 in a research report on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $179.35.
Texas Instruments Profile
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Texas Instruments Incorporated engages in the design, manufacture, test, and sale of analog and embedded semiconductors, which includes industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.
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