Taylor Hoffman Wealth Management Invests $105,000 in Texas Instruments Incorporated (TXN)

Taylor Hoffman Wealth Management bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,001 shares of the semiconductor company’s stock, valued at approximately $105,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Highland Private Wealth Management raised its holdings in shares of Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after acquiring an additional 25 shares in the last quarter. Carret Asset Management LLC raised its holdings in shares of Texas Instruments by 0.7% during the second quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 43 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of Texas Instruments by 0.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock worth $388,000 after acquiring an additional 45 shares in the last quarter. RNC Capital Management LLC raised its holdings in shares of Texas Instruments by 0.7% during the second quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock worth $606,000 after acquiring an additional 55 shares in the last quarter. Finally, Westside Investment Management Inc. raised its holdings in shares of Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) opened at $104.47 on Monday. The stock has a market capitalization of $102,961.51, a PE ratio of 24.47, a PEG ratio of 2.19 and a beta of 1.24. Texas Instruments Incorporated has a 1 year low of $75.66 and a 1 year high of $120.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. sell-side analysts predict that Texas Instruments Incorporated will post 4.97 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.37%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 68.89%.

In related news, insider Bing Xie sold 15,877 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total value of $1,733,927.17. Following the completion of the sale, the insider now owns 63,048 shares in the company, valued at $6,885,472.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Brian T. Crutcher sold 267,201 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the completion of the sale, the chief operating officer now owns 246,961 shares of the company’s stock, valued at approximately $27,432,427.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 757,632 shares of company stock worth $83,306,399. 0.96% of the stock is currently owned by company insiders.

Several analysts recently issued reports on the company. Deutsche Bank increased their price objective on Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Loop Capital reiterated a “hold” rating and set a $102.00 price objective (up from $90.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Nomura increased their price objective on Texas Instruments from $80.00 to $90.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Drexel Hamilton reiterated a “buy” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average target price of $109.65.

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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