Delta Lloyd NV Buys 8,859 Shares of Texas Instruments Inc. (TXN)
Delta Lloyd NV raised its stake in Texas Instruments Inc. (NASDAQ:TXN) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,424 shares of the company’s stock after buying an additional 8,859 shares during the period. Delta Lloyd NV’s holdings in Texas Instruments were worth $5,574,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of TXN. Peachtree Investment Advisors Inc. increased its position in Texas Instruments by 0.4% in the second quarter. Peachtree Investment Advisors Inc. now owns 29,450 shares of the company’s stock worth $1,845,000 after buying an additional 110 shares in the last quarter. FirstMerit Bank N A Trustee raised its stake in Texas Instruments by 7.2% in the second quarter. FirstMerit Bank N A Trustee now owns 71,411 shares of the company’s stock valued at $4,474,000 after buying an additional 4,780 shares during the last quarter. Central Bank & Trust Co. raised its stake in Texas Instruments by 2.3% in the second quarter. Central Bank & Trust Co. now owns 4,892 shares of the company’s stock valued at $306,000 after buying an additional 111 shares during the last quarter. Hollencrest Securities LLC raised its stake in Texas Instruments by 6.9% in the second quarter. Hollencrest Securities LLC now owns 5,023 shares of the company’s stock valued at $314,000 after buying an additional 323 shares during the last quarter. Finally, Alpha Windward LLC raised its stake in Texas Instruments by 8.6% in the second quarter. Alpha Windward LLC now owns 4,776 shares of the company’s stock valued at $299,000 after buying an additional 377 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.
Texas Instruments Inc. (NASDAQ:TXN) traded down 0.63% during midday trading on Wednesday, hitting $73.93. The company had a trading volume of 6,713,885 shares. Texas Instruments Inc. has a 52-week low of $46.73 and a 52-week high of $74.89. The stock has a 50 day moving average of $70.48 and a 200 day moving average of $66.98. The firm has a market cap of $73.89 billion, a price-to-earnings ratio of 23.47 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.08. The firm had revenue of $3.68 billion for the quarter. Texas Instruments had a return on equity of 31.60% and a net margin of 24.73%. Texas Instruments’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, analysts anticipate that Texas Instruments Inc. will post $3.16 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Thursday, November 3rd. This is a boost from Texas Instruments’s previous quarterly dividend of $0.38. Texas Instruments’s dividend payout ratio is 63.49%.
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A number of research firms have recently issued reports on TXN. B. Riley downgraded Texas Instruments from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 11th. RBC Capital Markets reaffirmed an “outperform” rating and set a $80.00 price objective on shares of Texas Instruments in a research report on Tuesday, August 30th. Sanford C. Bernstein raised Texas Instruments from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $70.00 to $80.00 in a report on Monday, September 12th. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a report on Wednesday, October 19th. Finally, Exane BNP Paribas raised Texas Instruments from an “underperform” rating to a “neutral” rating in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and an average price target of $70.43.
In other Texas Instruments news, insider Brian T. Crutcher sold 15,000 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total transaction of $1,060,350.00. Following the sale, the insider now owns 309,250 shares in the company, valued at approximately $21,860,882.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.02% of the company’s stock.
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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