Clark Capital Management Group Inc. increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 464,742 shares of the semiconductor company’s stock after buying an additional 4,215 shares during the quarter. Texas Instruments accounts for about 1.5% of Clark Capital Management Group Inc.’s portfolio, making the stock its 11th biggest holding. Clark Capital Management Group Inc.’s holdings in Texas Instruments were worth $48,538,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Taylor Hoffman Wealth Management acquired a new position in Texas Instruments during the fourth quarter valued at approximately $105,000. Risk Paradigm Group LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $138,000. Truewealth LLC acquired a new position in Texas Instruments during the fourth quarter valued at approximately $150,000. Zions Bancorporation boosted its position in Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the last quarter. Finally, Willingdon Wealth Management acquired a new position in Texas Instruments during the third quarter valued at approximately $141,000. Institutional investors and hedge funds own 85.21% of the company’s stock.
In other Texas Instruments news, Chairman Richard K. Templeton sold 43,935 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $109.44, for a total transaction of $4,808,246.40. Following the transaction, the chairman now owns 798,812 shares in the company, valued at approximately $87,421,985.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Stephen A. Anderson sold 141,638 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the transaction, the insider now owns 178,200 shares in the company, valued at approximately $19,801,584. The disclosure for this sale can be found here. Over the last three months, insiders have sold 757,632 shares of company stock valued at $83,306,399. 0.96% of the stock is currently owned by insiders.
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 the Thomson Reuters’ consensus estimate 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 firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.91 EPS. equities research analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were issued a dividend of $0.62 per share. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 annualized dividend and a yield of 2.24%. Texas Instruments’s payout ratio is currently 68.70%.
A number of analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating and issued a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Mizuho reaffirmed a “buy” rating and issued a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Nomura raised their price objective on Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $138.00 price objective (up from $5.08) on shares of Texas Instruments in a research report on Friday, January 19th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. The stock presently 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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