HPM Partners LLC Has $2.50 Million Stake in Texas Instruments Incorporated (TXN)
HPM Partners LLC lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,342 shares of the semiconductor company’s stock after buying an additional 4,426 shares during the period. HPM Partners LLC’s holdings in Texas Instruments were worth $2,503,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Enterprise Financial Services Corp raised its holdings in Texas Instruments by 0.3% during the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 4 shares in the last quarter. Financial Advisory Service Inc. raised its holdings in Texas Instruments by 0.4% during the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 12 shares in the last quarter. TNB Financial raised its holdings in Texas Instruments by 0.5% during the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 14 shares in the last quarter. Guardian Life Insurance Co. of America raised its holdings in Texas Instruments by 0.7% during the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 26 shares in the last quarter. Finally, Hudock Capital Group LLC raised its holdings in Texas Instruments by 1.3% during the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.
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In other news, COO Brian T. Crutcher sold 50,000 shares of Texas Instruments 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 transaction, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. In the last three months, insiders sold 211,301 shares of company stock valued at $17,259,256. Insiders own 0.96% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 91.35 on Friday. The company has a 50-day moving average of $84.73 and a 200-day moving average of $81.49. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $91.54. The company has a market capitalization of $90.44 billion, a PE ratio of 22.85 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 (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the business earned $0.76 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be paid a $0.62 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is presently 50.51%.
Texas Instruments announced that its Board of Directors has approved a stock repurchase program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
TXN has been the topic of several recent analyst reports. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Morgan Stanley reissued an “equal weight” rating and set a $83.00 target price (up previously from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. SunTrust Banks, Inc. reissued a “hold” rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Cowen and Company reissued a “market perform” rating and set a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Barclays PLC boosted their target price on Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. Texas Instruments has a consensus rating of “Buy” and a consensus target price of $86.51.
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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