HPM Partners LLC increased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,931 shares of the semiconductor company’s stock after purchasing an additional 2,067 shares during the period. HPM Partners LLC’s holdings in Texas Instruments were worth $3,230,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in TXN. Taylor Hoffman Wealth Management purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $105,000. Risk Paradigm Group LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $138,000. Zions Bancorporation increased its position in shares of Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the last quarter. Willingdon Wealth Management purchased a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $141,000. Finally, Truewealth LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $150,000. 85.21% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Incorporated (TXN) opened at $111.53 on Monday. The company has a market cap of $109,721.82, a price-to-earnings ratio of 26.12, a price-to-earnings-growth ratio of 2.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. Texas Instruments Incorporated has a 12-month low of $75.92 and a 12-month high of $120.75.
The company also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.22%. Texas Instruments’s payout ratio is currently 68.89%.
Several brokerages have recently issued reports on TXN. B. Riley restated a “neutral” rating and issued a $110.00 target price (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Mizuho restated a “buy” rating and issued a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Nomura upped their target price on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $138.00 target price (up previously from $5.08) on shares of Texas Instruments in a report on Friday, January 19th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $109.65.
In other news, Director Mark A. Blinn sold 9,724 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $112.47, for a total value of $1,093,658.28. Following the completion of the transaction, the director now owns 10,178 shares in the company, valued at approximately $1,144,719.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Richard K. Templeton sold 43,935 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.44, for a total transaction of $4,808,246.40. Following the completion of the transaction, the chairman now owns 798,812 shares of the company’s stock, valued at approximately $87,421,985.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 757,632 shares of company stock valued at $83,306,399. 0.96% of the stock is owned by insiders.
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About Texas Instruments
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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