First National Bank of Omaha Has $11.41 Million Holdings in Texas Instruments Incorporated (TXN)
First National Bank of Omaha reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.9% during the 4th quarter, Holdings Channel reports. The firm owned 109,239 shares of the semiconductor company’s stock after selling 5,662 shares during the period. First National Bank of Omaha’s holdings in Texas Instruments were worth $11,409,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. Acrospire Investment Management LLC lifted its holdings in shares of Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 500 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Texas Instruments in the 2nd quarter valued at approximately $112,000. Westside Investment Management Inc. lifted its holdings in shares of Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 100 shares during the period. Zions Bancorporation lifted its holdings in shares of Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,410 shares during the period. Finally, Willingdon Wealth Management acquired a new stake in shares of Texas Instruments in the 3rd quarter valued at approximately $141,000. Institutional investors own 84.30% of the company’s stock.
Several analysts have recently commented on the company. B. Riley reissued a “neutral” rating and issued a $110.00 price target (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Sanford C. Bernstein set a $125.00 price target on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. Nomura raised their price target on Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Mizuho reissued a “buy” rating and issued a $107.00 price target (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Finally, Morgan Stanley lifted their price objective on Texas Instruments from $92.00 to $101.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Sixteen equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Texas Instruments presently has an average rating of “Buy” and a consensus price target of $109.65.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities research analysts anticipate that Texas Instruments Incorporated will post 4.97 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.34%. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
In other news, Director Ralph W. Babb, Jr. sold 27,048 shares of Texas Instruments stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $110.13, for a total value of $2,978,796.24. Following the completion of the sale, the director now owns 34,952 shares of the company’s stock, valued at $3,849,263.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Brian T. Crutcher sold 267,201 shares of Texas Instruments stock in a transaction on Monday, January 29th. The shares were sold at an average price of $111.08, for a total value of $29,680,687.08. Following the completion of the sale, the chief operating officer now directly owns 246,961 shares of the company’s stock, valued at approximately $27,432,427.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 688,552 shares of company stock valued at $76,143,729. 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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