Texas Instruments Incorporated (TXN) Position Raised by Great Lakes Advisors LLC
Great Lakes Advisors LLC boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,213 shares of the semiconductor company’s stock after purchasing an additional 1,988 shares during the period. Great Lakes Advisors LLC’s holdings in Texas Instruments were worth $1,719,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Green Square Capital LLC bought a new position in Texas Instruments during the 4th quarter valued at $1,354,000. Bahl & Gaynor Inc. boosted its stake in Texas Instruments by 47.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 2,794,033 shares of the semiconductor company’s stock valued at $264,036,000 after acquiring an additional 904,477 shares during the last quarter. Wedbush Securities Inc. boosted its stake in Texas Instruments by 1.2% during the 4th quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after acquiring an additional 105 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new position in Texas Instruments during the 1st quarter valued at $5,100,000. Finally, Bessemer Group Inc. boosted its stake in Texas Instruments by 25.3% during the 4th quarter. Bessemer Group Inc. now owns 2,782,405 shares of the semiconductor company’s stock valued at $262,938,000 after acquiring an additional 561,160 shares during the last quarter. Hedge funds and other institutional investors own 85.63% of the company’s stock.
A number of research firms have recently issued reports on TXN. JPMorgan Chase & Co. restated a “buy” rating and issued a $130.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. Deutsche Bank raised their price target on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “hold” rating in a research report on Wednesday, April 24th. UBS Group restated a “sell” rating and issued a $90.00 price target on shares of Texas Instruments in a research report on Wednesday, April 24th. ValuEngine downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, BidaskClub downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $111.18.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The firm had revenue of $3.59 billion for the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. Texas Instruments’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.35 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.88%. Texas Instruments’s payout ratio is 56.83%.
In other Texas Instruments news, insider Rafael R. Lizardi sold 27,675 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total transaction of $3,262,052.25. Following the transaction, the insider now owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Carrie Smith Cox sold 17,002 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $116.08, for a total transaction of $1,973,592.16. Following the transaction, the director now directly owns 40,299 shares in the company, valued at approximately $4,677,907.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 879,332 shares of company stock worth $103,024,864. 0.89% of the stock is owned by corporate insiders.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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