Clark Capital Management Group Inc. lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% during the 4th quarter, HoldingsChannel reports. The fund owned 464,742 shares of the semiconductor company’s stock after purchasing an additional 4,215 shares during the period. Texas Instruments comprises approximately 1.5% of Clark Capital Management Group Inc.’s portfolio, making the stock its 11th largest holding. Clark Capital Management Group Inc.’s holdings in Texas Instruments were worth $48,538,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Taylor Hoffman Wealth Management acquired a new stake in shares of Texas Instruments during the 4th quarter valued at $105,000. Risk Paradigm Group LLC acquired a new position in Texas Instruments during the 4th quarter worth about $138,000. Zions Bancorporation lifted its holdings in Texas Instruments by 915.6% during the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after buying an additional 1,410 shares during the period. Willingdon Wealth Management acquired a new position in Texas Instruments during the 3rd quarter worth about $141,000. Finally, Truewealth LLC acquired a new position in Texas Instruments during the 4th quarter worth about $150,000. 85.21% of the stock is currently owned by institutional investors.
In related news, Director Mark A. Blinn sold 9,724 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $112.47, for a total value of $1,093,658.28. Following the completion of the sale, the director now directly owns 10,178 shares of the company’s stock, valued at approximately $1,144,719.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $111.12, for a total value of $15,738,814.56. Following the completion of the sale, the insider now directly owns 178,200 shares of the company’s stock, valued at $19,801,584. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock valued at $83,306,399 over the last ninety days. 0.96% of the stock is currently owned by corporate insiders.
Shares of Texas Instruments Incorporated (NASDAQ TXN) traded up $0.09 during trading hours on Wednesday, hitting $110.68. The stock had a trading volume of 344,047 shares, compared to its average volume of 6,533,493. The firm has a market cap of $108,990.00, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. Texas Instruments Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.74 billion. During the same period in the previous year, the business earned $0.91 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. research analysts predict that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 68.70%.
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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