Westwood Management Corp IL bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 203,600 shares of the semiconductor company’s stock, valued at approximately $18,251,000. Texas Instruments accounts for approximately 2.7% of Westwood Management Corp IL’s portfolio, making the stock its 16th biggest position.
Other hedge funds have also recently bought and sold shares of the company. BerganKDV Wealth Management LLC lifted its holdings in Texas Instruments by 53.3% in the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock valued at $1,079,000 after acquiring an additional 4,182 shares during the period. Ingalls & Snyder LLC lifted its holdings in Texas Instruments by 9.6% in the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock valued at $1,129,000 after acquiring an additional 1,100 shares during the period. PGGM Investments lifted its holdings in Texas Instruments by 102.8% in the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock valued at $85,751,000 after acquiring an additional 484,906 shares during the period. Sather Financial Group Inc bought a new position in Texas Instruments in the second quarter valued at about $600,000. Finally, Legal & General Group Plc lifted its holdings in Texas Instruments by 1.5% in the second quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock valued at $391,499,000 after acquiring an additional 73,740 shares during the period. 83.87% of the stock is currently owned by institutional investors.
In related news, VP R Gregory Delagi sold 61,250 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the completion of the sale, the vice president now directly owns 189,234 shares of the company’s stock, valued at approximately $18,308,389.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ellen Barker sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the sale, the insider now directly owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,482,689 shares of company stock valued at $141,615,432. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $96.94 on Friday. The company has a market capitalization of $95,540.28, a P/E ratio of 23.88, a PEG ratio of 2.33 and a beta of 1.28. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a 1-year low of $69.00 and a 1-year high of $99.05.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. research analysts forecast that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a $0.62 dividend. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.56%. Texas Instruments’s payout ratio is 57.94%.
Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Several research firms have recently commented on TXN. Drexel Hamilton raised their price objective on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. 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. Barclays PLC decreased their price objective on Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Cowen and Company reaffirmed a “market perform” rating and issued a $85.00 price objective (up previously from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $93.85.
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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