BB&T Securities LLC Has $3.05 Million Position in Texas Instruments Incorporated (NASDAQ:TXN)

BB&T Securities LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 164.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,859 shares of the semiconductor company’s stock after buying an additional 23,518 shares during the period. BB&T Securities LLC’s holdings in Texas Instruments were worth $3,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC boosted its stake in Texas Instruments by 6.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 28,238 shares of the semiconductor company’s stock worth $2,275,000 after buying an additional 1,777 shares during the last quarter. Motley Fool Wealth Management LLC boosted its stake in Texas Instruments by 29.6% in the first quarter. Motley Fool Wealth Management LLC now owns 11,291 shares of the semiconductor company’s stock worth $910,000 after buying an additional 2,578 shares during the last quarter. ClariVest Asset Management LLC boosted its stake 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 during the last quarter. Burney Co. boosted its stake in Texas Instruments by 50.6% in the first quarter. Burney Co. now owns 12,927 shares of the semiconductor company’s stock worth $1,041,000 after buying an additional 4,343 shares during the last quarter. Finally, Hyman Charles D acquired a new stake in Texas Instruments during the first quarter worth about $218,000. Hedge funds and other institutional investors own 84.55% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) opened at 81.70 on Friday. The company has a market cap of $81.40 billion, a price-to-earnings ratio of 21.74 and a beta of 1.20. The company’s 50-day moving average price is $80.06 and its 200-day moving average price is $78.92. Texas Instruments Incorporated has a 12 month low of $64.74 and a 12 month high of $84.65.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. The company had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was up 13.1% compared to the same quarter last year. Analysts anticipate that Texas Instruments Incorporated will post $3.93 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. Texas Instruments’s dividend payout ratio is presently 54.20%.

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A number of analysts have recently issued reports on TXN shares. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. Cowen and Company raised their price objective on Texas Instruments from $77.00 to $82.00 and gave the company a “market perform” rating in a research report on Wednesday, April 26th. Barclays PLC raised their price objective on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $93.00 price objective (up from $90.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Finally, Vetr raised Texas Instruments from a “buy” rating to a “strong-buy” rating and set a $88.74 price objective for the company in a research report on Monday, May 1st. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.42.

In related news, insider Niels Anderskouv sold 32,420 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $80.61, for a total value of $2,613,376.20. Following the transaction, the insider now owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kevin P. March sold 150,000 shares of the stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the transaction, the insider now directly owns 448,663 shares in the company, valued at approximately $36,225,050.62. The disclosure for this sale can be found here. In the last three months, insiders sold 323,780 shares of company stock worth $26,093,457. 0.96% of the stock is owned by insiders.

Texas Instruments Company 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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