Financial Gravity Companies Inc. bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,056 shares of the semiconductor company’s stock, valued at approximately $414,000.
Other large investors have also recently modified their holdings of the company. Highwater Wealth Management LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $34,000. Intercontinental Wealth Advisors LLC acquired a new position in Texas Instruments during the 4th quarter valued at about $40,000. Essex Savings Bank acquired a new position in Texas Instruments during the 4th quarter valued at about $42,000. Baldwin Brothers Inc. MA lifted its position in Texas Instruments by 42.5% during the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 153 shares during the period. Finally, G&S Capital LLC lifted its position in Texas Instruments by 25.0% during the 4th quarter. G&S Capital LLC now owns 725 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 145 shares during the period. Institutional investors own 86.92% of the company’s stock.
In related news, insider Hagop H. Kozanian sold 7,800 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $100.74, for a total transaction of $785,772.00. Following the completion of the sale, the insider now directly owns 45,159 shares of the company’s stock, valued at approximately $4,549,317.66. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Pamela H. Patsley sold 7,000 shares of the stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $106.20, for a total value of $743,400.00. Following the sale, the director now directly owns 37,160 shares of the company’s stock, valued at $3,946,392. The disclosure for this sale can be found here. Over the last three months, insiders have sold 163,295 shares of company stock valued at $16,651,930. 0.84% of the stock is owned by company insiders.
Shares of TXN stock opened at $104.76 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38. The stock has a market capitalization of $100.42 billion, a PE ratio of 19.33, a P/E/G ratio of 1.98 and a beta of 1.17. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $118.48.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period in the prior year, the business earned $1.09 EPS. Texas Instruments’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts expect that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 11th. Investors of record on Thursday, January 31st were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Wednesday, January 30th. This represents a $3.08 dividend on an annualized basis and a yield of 2.94%. Texas Instruments’s payout ratio is 56.83%.
A number of research analysts have issued reports on TXN shares. Goldman Sachs Group upgraded shares of Texas Instruments from a “sell” rating to a “neutral” rating in a research report on Thursday, October 18th. B. Riley cut their target price on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating on the stock in a research report on Monday, October 22nd. Barclays cut their target price on shares of Texas Instruments from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 23rd. Citigroup restated a “buy” rating on shares of Texas Instruments in a research report on Wednesday, October 24th. Finally, SunTrust Banks lowered their price target on Texas Instruments to $93.00 and set a “hold” rating for the company in a research note on Wednesday, October 24th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $108.74.
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Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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