Texas Instruments Incorporated (TXN) Stake Lessened by BTC Capital Management Inc.
BTC Capital Management Inc. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,178 shares of the semiconductor company’s stock after selling 10 shares during the period. BTC Capital Management Inc.’s holdings in Texas Instruments were worth $1,015,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. American Beacon Advisors Inc. bought a new position in shares of Texas Instruments in the 1st quarter valued at $101,000. ClariVest Asset Management LLC increased its stake 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 last quarter. Balentine LLC increased its stake 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 last quarter. MV Capital Management Inc. increased its stake 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 last quarter. Finally, TCI Wealth Advisors Inc. increased its stake 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 last quarter. Institutional investors own 83.69% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) opened at 82.70 on Thursday. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $84.65. The firm has a market capitalization of $81.88 billion, a P/E ratio of 20.69 and a beta of 1.20. The company’s 50-day moving average price is $81.52 and its 200-day moving average price is $80.46.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The company had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. Texas Instruments’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on TXN. BidaskClub lowered Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a research note on Tuesday. Robert W. Baird reiterated a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research note on Thursday, August 24th. B. Riley reiterated a “neutral” rating and issued a $89.00 price target on shares of Texas Instruments in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. Texas Instruments has a consensus rating of “Buy” and a consensus price target of $86.18.
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In other Texas Instruments news, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellen Barker sold 15,000 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the sale, the insider now owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The disclosure for this sale can be found here. Insiders sold 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 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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