Portland Global Advisors LLC Buys 95 Shares of Texas Instruments Incorporated (TXN)
Portland Global Advisors LLC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,338 shares of the semiconductor company’s stock after buying an additional 95 shares during the period. Texas Instruments accounts for 1.0% of Portland Global Advisors LLC’s holdings, making the stock its 22nd largest position. Portland Global Advisors LLC’s holdings in Texas Instruments were worth $2,565,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of TXN. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments during the first quarter valued at about $101,000. ClariVest Asset Management LLC raised its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares during the last quarter. Balentine LLC raised its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares during the last quarter. TCI Wealth Advisors Inc. raised its position in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares during the last quarter. Finally, American National Bank raised its position in shares of Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 1,359 shares during the last quarter. Hedge funds and other institutional investors own 84.71% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) traded down 0.33% during midday trading on Friday, hitting $80.98. The company had a trading volume of 2,627,684 shares. The firm has a market capitalization of $80.17 billion, a P/E ratio of 20.26 and a beta of 1.21. The stock has a 50 day moving average price of $81.16 and a 200 day moving average price of $79.94. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65.
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, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. On average, equities analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.
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Several equities analysts have recently issued reports on TXN shares. Barclays PLC decreased their price target on Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating on shares of Texas Instruments in a research note on Monday, July 10th. Rosenblatt Securities restated a “buy” rating and set a $93.00 price objective (up previously from $90.00) on shares of Texas Instruments in a research report on Saturday, April 29th. BidaskClub lowered Texas Instruments from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Drexel Hamilton boosted their price objective on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $85.96.
In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction on Thursday, July 27th. The shares were 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 of the company’s stock, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the transaction, the insider now directly 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 ninety days, insiders have sold 211,301 shares of company stock worth $17,259,256. Insiders own 0.96% of the company’s stock.
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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