Virtus Fund Advisers LLC decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625,003 shares of the semiconductor company’s stock after selling 40,608 shares during the period. Virtus Fund Advisers LLC’s holdings in Texas Instruments were worth $65,275,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Taylor Hoffman Wealth Management acquired a new stake in Texas Instruments in the 4th quarter valued at about $105,000. Westside Investment Management Inc. raised its position in Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares in the last quarter. Zions Bancorporation raised its position in Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares in the last quarter. Willingdon Wealth Management acquired a new stake in Texas Instruments in the 3rd quarter valued at about $141,000. Finally, Advantage Investment Management LLC raised its position in Texas Instruments by 156.9% in the 3rd quarter. Advantage Investment Management LLC now owns 1,757 shares of the semiconductor company’s stock valued at $158,000 after purchasing an additional 1,073 shares in the last quarter. 83.89% of the stock is currently owned by hedge funds and other institutional investors.
In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 3,574 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $110.65, for a total value of $395,463.10. Following the transaction, the senior vice president now directly owns 68,918 shares in the company, valued at approximately $7,625,776.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin J. Ritchie sold 49,955 shares of Texas Instruments stock in a transaction that occurred on Thursday, February 15th. The shares were 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. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 over the last quarter. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $104.47 on Monday. The stock has a market capitalization of $102,961.51, a P/E ratio of 24.47, a P/E/G ratio of 2.19 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. Texas Instruments Incorporated has a 12 month low of $75.66 and a 12 month high of $120.75.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting the consensus estimate of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same period last year, the business posted $0.91 EPS. The company’s revenue was up 9.8% on a year-over-year basis. analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. Texas Instruments’s dividend payout ratio (DPR) is currently 68.89%.
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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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