Olstein Capital Management L.P. Has $6.01 Million Stake in Texas Instruments Incorporated (TXN)

Olstein Capital Management L.P. lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,500 shares of the semiconductor company’s stock after selling 8,000 shares during the period. Olstein Capital Management L.P.’s holdings in Texas Instruments were worth $6,005,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Highland Private Wealth Management increased its position in shares of Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares during the period. Carret Asset Management LLC grew its position in Texas Instruments by 0.7% during the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 43 shares during the period. C M Bidwell & Associates Ltd. grew its position in Texas Instruments by 0.9% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock worth $388,000 after purchasing an additional 45 shares during the period. RNC Capital Management LLC grew its position in Texas Instruments by 0.7% during the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock worth $606,000 after purchasing an additional 55 shares during the period. Finally, Westside Investment Management Inc. grew its position in Texas Instruments by 6.9% during the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 83.67% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $102.68 on Thursday. The company has a market capitalization of $99,521.91, a PE ratio of 23.65, a PEG ratio of 2.12 and a beta of 1.24. Texas Instruments Incorporated has a 12-month low of $74.93 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.09. The firm had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. Texas Instruments’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period last year, the company posted $0.91 EPS. analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.89%.

In related news, VP R Gregory Delagi sold 40,826 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.23, for a total value of $4,459,423.98. Following the transaction, the vice president now directly owns 115,175 shares of the company’s stock, valued at approximately $12,580,565.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the transaction, the vice president now directly owns 131,153 shares in the company, valued at $14,474,045.08. The disclosure for this sale can be found here. Insiders sold a total of 707,677 shares of company stock worth $78,161,034 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.

TXN has been the topic of several analyst reports. Barclays increased their price target on Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. KeyCorp reaffirmed a “hold” rating on shares of Texas Instruments in a research report on Friday, October 20th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research report on Friday, October 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target (up from $96.00) on shares of Texas Instruments in a research report on Monday, October 23rd. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $110.00 price target (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $109.65.

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

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