Texas Instruments Incorporated (TXN) Holdings Held by Van Strum & Towne Inc.
Van Strum & Towne Inc. continued to hold its position in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,800 shares of the semiconductor company’s stock at the close of the 2nd quarter. Van Strum & Towne Inc.’s holdings in Texas Instruments were worth $1,062,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently bought and sold shares of the business. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments in the 1st quarter valued at about $101,000. MV Capital Management Inc. increased its holdings in shares of Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares during the period. ClariVest Asset Management LLC increased its holdings in shares of Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares during the period. Balentine LLC increased its holdings in shares of Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares during the period. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Texas Instruments by 33.2% in the 1st quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 333 shares during the period. 83.69% of the stock is owned by institutional investors.
Texas Instruments Incorporated (NASDAQ:TXN) opened at 82.70 on Thursday. The company has a market capitalization of $81.88 billion, a PE ratio of 20.69 and a beta of 1.20. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $84.65. The company has a 50-day moving average price of $81.52 and a 200 day moving average price of $80.46.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.
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TXN has been the topic of a number of research reports. Raymond James Financial, Inc. reiterated a “mkt perform” rating on shares of Texas Instruments in a report on Friday, June 16th. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. Cowen and Company reiterated a “hold” rating and issued a $82.00 target price on shares of Texas Instruments in a report on Friday, July 14th. Finally, Barclays PLC upped their target price on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $86.18.
In related news, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 252,257 shares in the company, valued at approximately $20,662,370.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. Insiders have sold a total of 211,301 shares of company stock worth $17,259,256 over the last three months. 0.96% of the stock is owned by insiders.
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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