HM Payson & Co. cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,205 shares of the semiconductor company’s stock after selling 214 shares during the period. HM Payson & Co.’s holdings in Texas Instruments were worth $5,414,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of TXN. Vanguard Group Inc. boosted its position in Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after buying an additional 3,551,400 shares in the last quarter. BlackRock Inc. boosted its position in Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after buying an additional 61,521,990 shares in the last quarter. State Street Corp boosted its position in Texas Instruments by 1.4% in the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after buying an additional 573,645 shares in the last quarter. FMR LLC boosted its position in Texas Instruments by 12.3% in the first quarter. FMR LLC now owns 12,172,327 shares of the semiconductor company’s stock valued at $980,603,000 after buying an additional 1,328,606 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Texas Instruments by 9.6% in the first quarter. Geode Capital Management LLC now owns 11,181,980 shares of the semiconductor company’s stock valued at $899,705,000 after buying an additional 975,010 shares in the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down 1.31% during trading on Thursday, reaching $81.38. The company had a trading volume of 836,118 shares. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65. The stock’s 50-day moving average price is $80.57 and its 200-day moving average price is $79.76. The company has a market capitalization of $80.57 billion, a PE ratio of 20.36 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, equities analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.
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Several research analysts have recently weighed in on TXN shares. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley restated an “equal weight” rating and issued a $83.00 price target (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. restated a “hold” rating and issued a $86.00 price target (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company boosted their price target on Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC boosted their price target on Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $85.96.
In other news, Director Carrie Smith Cox sold 14,000 shares of the business’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 transaction, the director now directly owns 38,435 shares in the company, valued at approximately $3,161,278.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the business’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 owns 252,257 shares in the company, valued at $20,662,370.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is currently 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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