Louisiana State Employees Retirement System raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 61,800 shares of the semiconductor company’s stock after buying an additional 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Texas Instruments were worth $4,754,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Hudock Capital Group LLC boosted its stake in Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 7 shares during the period. Tradewinds Capital Management LLC boosted its stake in Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 8 shares during the period. TNB Financial boosted its stake in Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 14 shares during the period. Reynders McVeigh Capital Management LLC raised its position in Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock worth $262,000 after buying an additional 25 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its position in Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after buying an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) traded up 0.6756% during midday trading on Friday, hitting $81.9097. The stock had a trading volume of 607,088 shares. The company’s 50 day moving average is $79.91 and its 200 day moving average is $79.37. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65. The company has a market cap of $81.23 billion, a PE ratio of 20.3553 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the firm posted $0.76 EPS. Texas Instruments’s revenue was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.46%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.
TXN has been the topic of a number of recent analyst reports. Barclays PLC cut their price objective on Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Vetr lowered Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective on the stock. in a research note on Monday, April 24th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 19th. BMO Capital Markets reissued a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a research note on Monday, April 17th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Texas Instruments currently has a consensus rating of “Buy” and a consensus target price of $85.96.
In other Texas Instruments news, insider Niels Anderskouv sold 134,360 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total value of $10,805,231.20. Following the transaction, the insider now directly owns 132,079 shares of the company’s stock, valued at approximately $10,621,793.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the firm’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 transaction of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 257,685 shares of company stock worth $20,816,827. 0.96% of the stock is currently owned by insiders.
About Texas Instruments
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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