Westport Asset Management Inc. maintained its stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,062 shares of the semiconductor company’s stock at the end of the 2nd quarter. Westport Asset Management Inc.’s holdings in Texas Instruments were worth $774,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of TXN. American Beacon Advisors Inc. purchased a new stake in Texas Instruments in the first quarter worth about $101,000. MV Capital Management Inc. increased its position in Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after buying an additional 93 shares in the last quarter. ClariVest Asset Management LLC increased its position in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC increased its position in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares in the last quarter. Finally, TCI Wealth Advisors Inc. increased its position in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.
A number of brokerages have commented on TXN. BidaskClub cut Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. Robert W. Baird reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research note on Thursday, August 24th. B. Riley reaffirmed a “neutral” rating and issued a $89.00 price objective on shares of Texas Instruments in a research note on Monday, July 31st. Finally, Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of “Buy” and an average price target of $86.18.
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Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 86.14 on Tuesday. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $86.47. The stock has a 50 day moving average price of $81.84 and a 200 day moving average price of $80.65. The stock has a market capitalization of $85.28 billion, a P/E ratio of 21.55 and a beta of 1.20.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
In related news, insider Kevin J. Ritchie sold 105,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the transaction, the insider now directly owns 252,257 shares in the company, valued at $20,662,370.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, 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. 0.96% of the stock is currently owned by insiders.
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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