Exencial Wealth Advisors LLC Holds Position in Texas Instruments Incorporated (TXN)
Exencial Wealth Advisors LLC continued to hold its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,118 shares of the semiconductor company’s stock at the end of the 2nd quarter. Exencial Wealth Advisors LLC’s holdings in Texas Instruments were worth $471,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Old Mutual Global Investors UK Ltd. raised its holdings in Texas Instruments by 15.7% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 2,000,816 shares of the semiconductor company’s stock valued at $153,922,000 after acquiring an additional 271,268 shares in the last quarter. Gareth Morgan Investments Limited Partnership acquired a new stake in Texas Instruments in the second quarter valued at approximately $3,777,000. IFM Investors Pty Ltd raised its holdings in Texas Instruments by 113.4% in the second quarter. IFM Investors Pty Ltd now owns 27,390 shares of the semiconductor company’s stock valued at $2,107,000 after acquiring an additional 14,556 shares in the last quarter. Freestone Capital Holdings LLC raised its holdings in Texas Instruments by 4.5% in the second quarter. Freestone Capital Holdings LLC now owns 76,628 shares of the semiconductor company’s stock valued at $5,895,000 after acquiring an additional 3,275 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC raised its holdings in Texas Instruments by 259.0% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 88,254 shares of the semiconductor company’s stock valued at $6,789,000 after acquiring an additional 63,674 shares in the last quarter. 83.68% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on TXN shares. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Royal Bank Of Canada raised their target price on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Thursday, July 27th. Barclays PLC raised their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $96.00 target price on shares of Texas Instruments in a report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $86.51.
In other news, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was 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 approximately $16,334,769.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The shares were 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 owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock valued at $17,259,256 over the last quarter. Company insiders own 0.96% of the company’s stock.
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Texas Instruments Incorporated (NASDAQ:TXN) opened at 91.14 on Friday. The stock’s 50 day moving average is $84.41 and its 200-day moving average is $81.42. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $91.30. The stock has a market capitalization of $90.23 billion, a price-to-earnings ratio of 22.80 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
Texas Instruments announced that its Board of Directors has authorized a share buyback plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, October 30th. Texas Instruments’s payout ratio is 50.51%.
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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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