Harel Insurance Investments & Financial Services Ltd. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,580 shares of the semiconductor company’s stock, valued at approximately $124,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Associated Banc Corp increased its position in Texas Instruments by 4.4% in the fourth quarter. Associated Banc Corp now owns 44,104 shares of the semiconductor company’s stock valued at $3,218,000 after buying an additional 1,840 shares during the period. Teza Capital Management LLC bought a new position in Texas Instruments during the fourth quarter valued at approximately $557,000. Baird Financial Group Inc. increased its position in Texas Instruments by 1.0% in the fourth quarter. Baird Financial Group Inc. now owns 121,238 shares of the semiconductor company’s stock valued at $8,847,000 after buying an additional 1,222 shares during the period. Tredje AP fonden increased its position in Texas Instruments by 23.3% in the fourth quarter. Tredje AP fonden now owns 139,043 shares of the semiconductor company’s stock valued at $10,146,000 after buying an additional 26,242 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Texas Instruments by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,339,236 shares of the semiconductor company’s stock valued at $170,715,000 after buying an additional 26,610 shares during the period. 85.07% of the stock is owned by institutional investors.
Texas Instruments Incorporated (NASDAQ:TXN) opened at 79.67 on Thursday. Texas Instruments Incorporated has a 12 month low of $58.61 and a 12 month high of $84.65. The stock’s 50 day moving average is $80.72 and its 200-day moving average is $78.05. The stock has a market capitalization of $79.38 billion, a price-to-earnings ratio of 21.20 and a beta of 1.16.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.06. The business had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a net margin of 27.54% and a return on equity of 34.50%. The business’s revenue was up 13.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post $3.93 earnings per share for the current year.
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Several research analysts have commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $92.00 price objective on shares of Texas Instruments in a report on Monday, April 17th. B. Riley reissued a “neutral” rating and set a $83.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Jefferies Group LLC increased their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective for the company. in a report on Monday, March 13th. Finally, Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Texas Instruments in a report on Friday, June 16th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $82.10.
In related news, insider Niels Anderskouv sold 134,360 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total transaction of $10,805,231.20. Following the sale, the insider now directly owns 132,079 shares of the company’s stock, valued at approximately $10,621,793.18. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Pamela H. Patsley sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $80.55, for a total transaction of $563,850.00. Following the sale, the director now directly owns 35,296 shares in the company, valued at $2,843,092.80. The disclosure for this sale can be found here. Insiders sold a total of 323,780 shares of company stock worth $26,093,457 over the last three months. Insiders own 0.96% of the company’s stock.
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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