BB&T Securities LLC Trims Position in Texas Instruments Incorporated (TXN)

BB&T Securities LLC decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,492 shares of the semiconductor company’s stock after selling 672 shares during the period. BB&T Securities LLC’s holdings in Texas Instruments were worth $3,080,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of TXN. Taylor Hoffman Wealth Management bought a new stake in Texas Instruments during the 4th quarter worth about $105,000. Risk Paradigm Group LLC bought a new stake in Texas Instruments during the 4th quarter worth about $138,000. Zions Bancorporation raised its holdings in Texas Instruments by 915.6% during the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares during the last quarter. Willingdon Wealth Management bought a new stake in Texas Instruments during the 3rd quarter worth about $141,000. Finally, Truewealth LLC bought a new stake in Texas Instruments during the 4th quarter worth about $150,000. Institutional investors and hedge funds own 85.15% of the company’s stock.

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Several analysts have weighed in on the company. B. Riley reissued a “neutral” rating and set a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Mizuho reissued a “buy” rating and set a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Nomura boosted their price objective on Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $138.00 price objective (up 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 issued a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and an average price target of $109.65.

Shares of TXN stock opened at $101.36 on Friday. Texas Instruments Incorporated has a 52 week low of $75.92 and a 52 week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The stock has a market capitalization of $106,878.68, a P/E ratio of 28.16, a P/E/G ratio of 2.28 and a beta of 1.22.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the business earned $0.91 EPS. Texas Instruments’s revenue for the quarter was up 9.8% compared to the same quarter last year. analysts anticipate that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.

In other Texas Instruments news, VP Haviv Ilan sold 23,831 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the transaction, the vice president now owns 131,153 shares of the company’s stock, valued at approximately $14,474,045.08. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 49,955 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 757,632 shares of company stock valued at $83,306,399. Insiders own 0.84% of the company’s stock.

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

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