Ipswich Investment Management Co. Inc. raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,264 shares of the semiconductor company’s stock after buying an additional 530 shares during the quarter. Texas Instruments comprises 1.3% of Ipswich Investment Management Co. Inc.’s portfolio, making the stock its 24th biggest holding. Ipswich Investment Management Co. Inc.’s holdings in Texas Instruments were worth $3,056,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TXN. SPC Financial Inc. boosted its holdings in shares of Texas Instruments by 2.6% in the 4th quarter. SPC Financial Inc. now owns 23,570 shares of the semiconductor company’s stock worth $2,462,000 after purchasing an additional 590 shares during the period. Atria Investments LLC boosted its holdings in shares of Texas Instruments by 7.4% in the 4th quarter. Atria Investments LLC now owns 24,171 shares of the semiconductor company’s stock worth $2,524,000 after purchasing an additional 1,674 shares during the period. Starfire Investment Advisers Inc. boosted its holdings in shares of Texas Instruments by 156.8% in the 4th quarter. Starfire Investment Advisers Inc. now owns 5,765 shares of the semiconductor company’s stock worth $602,000 after purchasing an additional 3,520 shares during the period. Covenant Asset Management LLC purchased a new position in shares of Texas Instruments in the 4th quarter worth approximately $513,000. Finally, Rockland Trust Co. boosted its holdings in shares of Texas Instruments by 26.1% in the 4th quarter. Rockland Trust Co. now owns 6,298 shares of the semiconductor company’s stock worth $658,000 after purchasing an additional 1,305 shares during the period. Institutional investors and hedge funds own 83.85% of the company’s stock.
In related news, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the transaction, the director now directly owns 18,495 shares in the company, valued at approximately $1,783,657.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider R Gregory Delagi sold 238,750 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. Corporate insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) traded up $2.05 on Tuesday, hitting $112.72. The stock had a trading volume of 4,578,100 shares, compared to its average volume of 5,043,000. The company has a market cap of $111,130.00, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a 52-week low of $73.87 and a 52-week high of $113.00.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 EPS. research analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.
Texas Instruments declared that its Board of Directors has authorized a stock buyback program on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
A number of equities analysts have recently commented on the company. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday. Credit Suisse Group reiterated an “in-line” rating and issued a $125.00 target price (up previously from $110.00) on shares of Texas Instruments in a report on Tuesday. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Deutsche Bank boosted their price objective on Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $95.00 price objective on shares of Texas Instruments in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $96.06.
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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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