Jacobus Wealth Management Inc. continued to hold its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,481 shares of the semiconductor company’s stock at the end of the first quarter. Jacobus Wealth Management Inc.’s holdings in Texas Instruments were worth $764,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the stock. Capital Guardian Trust Co. increased its stake in shares of Texas Instruments by 6.4% in the fourth quarter. Capital Guardian Trust Co. now owns 1,916,061 shares of the semiconductor company’s stock worth $139,815,000 after buying an additional 115,471 shares during the period. CENTRAL TRUST Co raised its stake in Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock worth $2,707,000 after buying an additional 90 shares during the last quarter. Numeric Investors LLC acquired a new stake in Texas Instruments during the fourth quarter worth about $219,000. Manning & Napier Advisors LLC raised its stake in Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock worth $12,498,000 after buying an additional 7,293 shares during the last quarter. Finally, UMB Bank N A MO raised its stake in Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock worth $26,319,000 after buying an additional 15,401 shares during the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Texas Instruments Incorporated (TXN) traded up 0.34% during mid-day trading on Tuesday, hitting $82.45. 7,147,354 shares of the company were exchanged. The company’s 50-day moving average price is $79.91 and its 200-day moving average price is $79.37. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The firm has a market capitalization of $81.77 billion, a P/E ratio of 20.49 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the company earned $0.76 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. Texas Instruments’s payout ratio is 50.51%.
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A number of analysts have recently issued reports on the company. Drexel Hamilton restated a “buy” rating and issued a $93.00 target price on shares of Texas Instruments in a report on Wednesday, April 26th. Royal Bank Of Canada increased their price objective on Texas Instruments from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Instinet reiterated a “neutral” rating and set a $75.00 price objective (up from $70.00) on shares of Texas Instruments in a report on Saturday, April 29th. UBS AG reiterated a “buy” rating and set a $93.00 price objective (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Loop Capital reiterated a “hold” rating and set a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $85.96.
In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the transaction, the director now owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. Insiders sold 257,685 shares of company stock valued at $20,816,827 in the last quarter. Corporate 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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