LMR Partners LLP bought a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 14,557 shares of the semiconductor company’s stock, valued at approximately $1,120,000.
A number of other hedge funds have also recently modified their holdings of the stock. American Beacon Advisors Inc. purchased a new position in shares of Texas Instruments during the 1st quarter valued at about $101,000. MV Capital Management Inc. raised its stake in shares of 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 buying an additional 93 shares during the last quarter. ClariVest Asset Management LLC raised its stake in shares of 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 buying an additional 100 shares during the last quarter. Balentine LLC raised its stake in shares of 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 buying an additional 80 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its stake in shares of 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 buying an additional 333 shares during the last quarter. Institutional investors own 83.69% of the company’s stock.
TXN has been the subject of a number of recent research reports. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Royal Bank Of Canada lifted their price objective on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Barclays PLC lifted their price objective on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $86.00 price objective (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $86.18.
Texas Instruments Incorporated (TXN) opened at 84.84 on Friday. The stock’s 50 day moving average price is $81.69 and its 200 day moving average price is $80.55. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $85.03. The firm has a market capitalization of $83.99 billion, a PE ratio of 21.22 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. Analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current year.
In other news, Director Robert E. Sanchez sold 26,905 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the sale, the director now directly owns 27,565 shares in the company, valued at $2,245,996.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock worth $17,259,256 over the last quarter. Company insiders own 0.96% of the company’s stock.
Texas Instruments 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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