Texas Permanent School Fund Has $23.53 Million Position in Texas Instruments Incorporated (TXN)

Texas Permanent School Fund decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 292,078 shares of the semiconductor company’s stock after selling 7,331 shares during the period. Texas Permanent School Fund’s holdings in Texas Instruments were worth $23,530,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its stake in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in Texas Instruments during the fourth quarter worth about $111,000. Norway Savings Bank increased its stake in Texas Instruments by 16.0% in the first quarter. Norway Savings Bank now owns 1,508 shares of the semiconductor company’s stock worth $121,000 after buying an additional 208 shares during the last quarter. Capital Analysts LLC increased its stake in Texas Instruments by 9.1% in the fourth quarter. Capital Analysts LLC now owns 1,702 shares of the semiconductor company’s stock worth $124,000 after buying an additional 142 shares during the last quarter. Finally, Coconut Grove Bank increased its stake in Texas Instruments by 77.1% in the first quarter. Coconut Grove Bank now owns 1,930 shares of the semiconductor company’s stock worth $155,000 after buying an additional 840 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

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

Texas Instruments Incorporated (TXN) opened at 81.42 on Tuesday. Texas Instruments Incorporated has a 12-month low of $58.61 and a 12-month high of $84.65. The firm has a market cap of $81.12 billion, a price-to-earnings ratio of 21.67 and a beta of 1.16. The company’s 50 day moving average is $80.71 and its 200 day moving average is $77.99.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.06. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The company had revenue of $3.40 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same quarter in the prior year, the business posted $0.65 EPS. Texas Instruments’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities analysts anticipate that Texas Instruments Incorporated will post $3.93 earnings per share for the current year.

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A number of research analysts have recently weighed in on the stock. B. Riley reissued a “neutral” rating and set a $83.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 26th. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Texas Instruments in a research note on Friday. Royal Bank Of Canada reissued a “buy” rating and set a $84.00 price objective on shares of Texas Instruments in a research note on Monday, April 3rd. Mizuho reissued a “neutral” rating and set a $78.00 price objective (up from $75.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Finally, Bank of America Corporation reissued a “buy” rating and set a $92.00 price objective on shares of Texas Instruments in a research note on Tuesday, March 14th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.10.

In other news, Director Pamela H. Patsley sold 7,000 shares of the stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $80.55, for a total transaction of $563,850.00. Following the transaction, the director now owns 35,296 shares in the company, valued at approximately $2,843,092.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kevin P. March sold 150,000 shares of the stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $80.74, for a total transaction of $12,111,000.00. Following the transaction, the insider now owns 448,663 shares in the company, valued at approximately $36,225,050.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 323,780 shares of company stock worth $26,093,457. 0.96% of the stock is currently owned by company insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TXN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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