Summit Financial Strategies Inc. Invests $217,000 in Texas Instruments Incorporated (TXN) Stock

Summit Financial Strategies Inc. purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,815 shares of the semiconductor company’s stock, valued at approximately $217,000.

A number of other institutional investors have also modified their holdings of the business. Enterprise Financial Services Corp raised its position in Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 4 shares in the last quarter. Tradewinds Capital Management LLC raised its holdings in Texas Instruments by 0.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after buying an additional 8 shares during the period. Financial Advisory Service Inc. raised its holdings in Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after buying an additional 12 shares during the period. TNB Financial raised its holdings in Texas Instruments by 0.5% during the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after buying an additional 14 shares during the period. Finally, Reynders McVeigh Capital Management LLC raised its holdings in Texas Instruments by 0.8% during the 1st quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock worth $262,000 after buying an additional 25 shares during the period. Hedge funds and other institutional investors own 83.69% of the company’s stock.

In other news, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction that occurred on Monday, August 14th. The stock was 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 in the company, valued at approximately $3,741,213.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the transaction, 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. Over the last 90 days, insiders sold 211,301 shares of company stock valued at $17,259,256. Corporate insiders own 0.96% of the company’s stock.

TXN has been the topic of several recent analyst reports. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. Barclays PLC cut their price objective on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Citigroup Inc. boosted their price objective on Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, Drexel Hamilton boosted their price objective on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $85.96.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 81.38 on Monday. The firm’s 50-day moving average price is $81.45 and its 200-day moving average price is $80.33. Texas Instruments Incorporated has a 12 month low of $66.30 and a 12 month high of $84.65. The company has a market cap of $80.57 billion, a PE ratio of 20.36 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last posted 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. The firm had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were paid a $0.50 dividend. The ex-dividend date was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. Texas Instruments’s dividend payout ratio is 50.51%.

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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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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