Texas Instruments Incorporated (NASDAQ:TXN) Shares Bought by DAVENPORT & Co LLC
DAVENPORT & Co LLC grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,932 shares of the semiconductor company’s stock after purchasing an additional 394 shares during the period. DAVENPORT & Co LLC’s holdings in Texas Instruments were worth $3,988,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in TXN. Nordea Investment Management AB lifted its stake in Texas Instruments by 112.1% during the second quarter. Nordea Investment Management AB now owns 3,610,394 shares of the semiconductor company’s stock worth $458,520,000 after purchasing an additional 1,907,982 shares in the last quarter. FIL Ltd lifted its stake in Texas Instruments by 1,697.6% during the second quarter. FIL Ltd now owns 1,897,730 shares of the semiconductor company’s stock worth $240,954,000 after purchasing an additional 1,792,160 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Texas Instruments during the second quarter worth $142,131,000. State Street Corp lifted its stake in Texas Instruments by 1.9% during the first quarter. State Street Corp now owns 40,874,487 shares of the semiconductor company’s stock worth $4,084,587,000 after purchasing an additional 770,202 shares in the last quarter. Finally, London Co. of Virginia lifted its stake in Texas Instruments by 30.1% during the second quarter. London Co. of Virginia now owns 2,464,053 shares of the semiconductor company’s stock worth $312,861,000 after purchasing an additional 569,891 shares in the last quarter. Institutional investors own 82.91% of the company’s stock.
In related news, Director Carrie Smith Cox sold 26,905 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $130.00, for a total transaction of $3,497,650.00. Following the transaction, the director now owns 46,221 shares of the company’s stock, valued at $6,008,730. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Pamela H. Patsley sold 12,156 shares of the company’s stock in a transaction on Monday, July 27th. The stock was sold at an average price of $132.18, for a total value of $1,606,780.08. Following the transaction, the director now directly owns 43,082 shares in the company, valued at approximately $5,694,578.76. The disclosure for this sale can be found here. Insiders have sold 236,495 shares of company stock valued at $31,419,345 in the last 90 days. Company insiders own 0.73% of the company’s stock.
Shares of NASDAQ TXN opened at $153.12 on Friday. The company has a current ratio of 3.92, a quick ratio of 2.94 and a debt-to-equity ratio of 0.82. Texas Instruments Incorporated has a twelve month low of $93.09 and a twelve month high of $155.88. The stock has a 50 day moving average of $142.37 and a two-hundred day moving average of $127.12. The stock has a market cap of $140.25 billion, a P/E ratio of 28.73, a P/E/G ratio of 2.89 and a beta of 1.14.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 21st. The semiconductor company reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.60. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The business had revenue of $3.24 billion during the quarter, compared to analysts’ expectations of $2.96 billion. During the same quarter in the prior year, the business earned $1.36 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.05 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 16th. Stockholders of record on Friday, October 30th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Thursday, October 29th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.90. Texas Instruments’s dividend payout ratio is 68.70%.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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