Texas Instruments Incorporated (TXN) Stake Lessened by SG Americas Securities LLC

SG Americas Securities LLC decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 91.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,836 shares of the semiconductor company’s stock after selling 198,438 shares during the quarter. SG Americas Securities LLC’s holdings in Texas Instruments were worth $1,372,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Texas Instruments by 4.7% during the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after buying an additional 3,551,400 shares in the last quarter. BlackRock Inc. boosted its stake in Texas Instruments by 1,924.6% during the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after buying an additional 61,521,990 shares in the last quarter. State Street Corp boosted its stake in Texas Instruments by 1.4% during the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after buying an additional 573,645 shares in the last quarter. FMR LLC boosted its stake in Texas Instruments by 12.3% during the first quarter. FMR LLC now owns 12,172,327 shares of the semiconductor company’s stock valued at $980,603,000 after buying an additional 1,328,606 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Texas Instruments by 9.6% during the first quarter. Geode Capital Management LLC now owns 11,181,980 shares of the semiconductor company’s stock valued at $899,705,000 after buying an additional 975,010 shares in the last quarter. 83.69% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Texas Instruments Incorporated (TXN) Stake Lessened by SG Americas Securities LLC” was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.chaffeybreeze.com/2017/09/17/texas-instruments-incorporated-txn-stake-lessened-by-sg-americas-securities-llc.html.

TXN has been the subject of several research reports. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $83.00 target price (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and set a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Barclays PLC raised their target price 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. One equities 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 issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.18.

In other 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 transaction, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the insider now directly 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 three months, insiders have sold 211,301 shares of company stock worth $17,259,256. Company insiders own 0.96% of the company’s stock.

Texas Instruments Incorporated (TXN) opened at 84.84 on Friday. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $85.03. The firm has a 50-day moving average price of $81.69 and a 200 day moving average price of $80.55. The firm has a market capitalization of $83.99 billion, a price-to-earnings ratio of 21.22 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the company posted $0.76 earnings per share. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current year.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply