Raymond James & Associates trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,036,277 shares of the semiconductor company’s stock after selling 22,570 shares during the quarter. Raymond James & Associates owned approximately 0.11% of Texas Instruments worth $108,230,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its stake in Texas Instruments by 3.2% in the 4th quarter. California State Teachers Retirement System now owns 1,748,884 shares of the semiconductor company’s stock valued at $182,653,000 after purchasing an additional 54,864 shares during the last quarter. Avestar Capital LLC acquired a new position in Texas Instruments in the 4th quarter valued at $173,000. Premia Global Advisors LLC acquired a new position in Texas Instruments in the 4th quarter valued at $311,000. HPM Partners LLC raised its stake in Texas Instruments by 7.2% in the 4th quarter. HPM Partners LLC now owns 30,931 shares of the semiconductor company’s stock valued at $3,230,000 after purchasing an additional 2,067 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new position in Texas Instruments in the 4th quarter valued at $873,000. 85.21% of the stock is owned by institutional investors and hedge funds.
In related news, insider Kevin J. Ritchie sold 49,955 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total transaction of $5,145,365.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 267,201 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.08, for a total value of $29,680,687.08. Following the transaction, the chief operating officer now owns 246,961 shares of the company’s stock, valued at $27,432,427.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 757,632 shares of company stock valued at $83,306,399. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) opened at $111.53 on Monday. The firm has a market capitalization of $109,721.82, a price-to-earnings ratio of 30.98, a PEG ratio of 2.34 and a beta of 1.22. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a twelve month low of $75.92 and a twelve month high of $120.75.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 EPS. research analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.89%.
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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.
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