Winslow Evans & Crocker Inc. Sells 2,950 Shares of Texas Instruments Incorporated (TXN)

Winslow Evans & Crocker Inc. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 74.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 992 shares of the semiconductor company’s stock after selling 2,950 shares during the quarter. Winslow Evans & Crocker Inc.’s holdings in Texas Instruments were worth $104,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its position in shares of Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC lifted its position in shares of Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after buying an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Texas Instruments in the 2nd quarter worth about $112,000. Westside Investment Management Inc. lifted its position in shares of Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after buying an additional 100 shares during the last quarter. Finally, Zions Bancorporation lifted its position in shares of Texas Instruments by 915.6% in 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 last quarter. Institutional investors own 83.85% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Saturday. Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank lifted their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research report on Tuesday, September 26th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $99.29.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $116.83 on Friday. Texas Instruments Incorporated has a 52-week low of $74.16 and a 52-week high of $119.98. The company has a market cap of $115,143.09, a PE ratio of 28.78, a price-to-earnings-growth ratio of 2.66 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS. sell-side analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.12%. Texas Instruments’s dividend payout ratio is currently 57.94%.

In other news, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.53, for a total value of $1,689,275.00. Following the transaction, the senior vice president now owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard K. Templeton sold 190,000 shares of Texas Instruments stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $96.88, for a total transaction of $18,407,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,137,056 shares in the company, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

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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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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