Duff & Phelps Investment Management Co. reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,255 shares of the semiconductor company’s stock after selling 780 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Texas Instruments were worth $866,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of the stock. American Beacon Advisors Inc. purchased a new position in Texas Instruments during the 1st quarter valued at $101,000. MV Capital Management Inc. increased its position in Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares during the period. ClariVest Asset Management LLC increased its position in Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares during the period. Balentine LLC increased its position in Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares during the period. Finally, TCI Wealth Advisors Inc. increased its position in Texas Instruments by 33.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 333 shares during the period. Institutional investors own 83.69% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at 82.89 on Wednesday. The stock has a 50 day moving average of $81.46 and a 200 day moving average of $80.41. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $84.65. The company has a market cap of $82.06 billion, a PE ratio of 20.73 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. Texas Instruments’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a $0.50 dividend. The ex-dividend date was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. Texas Instruments’s dividend payout ratio is currently 50.51%.
A number of research analysts have issued reports on the stock. BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, July 27th. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a research report on Tuesday. Cowen and Company reissued a “hold” rating and set a $82.00 price objective on shares of Texas Instruments in a research report on Friday, July 14th. Finally, Barclays PLC boosted their price objective on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $86.18.
In related news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the sale, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin J. Ritchie sold 105,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the sale, the insider now owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is owned by 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.
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