Bank of Montreal Can reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,726,394 shares of the semiconductor company’s stock after selling 481,778 shares during the period. Bank of Montreal Can owned approximately 0.28% of Texas Instruments worth $257,644,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Highwater Wealth Management LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $34,000. G&S Capital LLC raised its holdings in shares of Texas Instruments by 25.0% during the fourth 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 last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of Texas Instruments by 67.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 976 shares of the semiconductor company’s stock valued at $92,000 after purchasing an additional 394 shares during the last quarter. Centaurus Financial Inc. purchased a new position in shares of Texas Instruments during the second quarter valued at approximately $101,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Texas Instruments during the third quarter valued at approximately $107,000. Institutional investors own 86.92% of the company’s stock.
A number of brokerages have commented on TXN. Goldman Sachs Group raised shares of Texas Instruments from a “sell” rating to a “neutral” rating in a report on Thursday, October 18th. B. Riley reduced their target price on shares of Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a report on Monday, October 22nd. Barclays reduced their price objective on shares of Texas Instruments from $120.00 to $105.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 23rd. Citigroup reissued a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 24th. Finally, SunTrust Banks reduced their price objective on shares of Texas Instruments to $93.00 and set a “hold” rating for the company in a research note on Wednesday, October 24th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $108.74.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.03. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.09 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.21 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 11th. Shareholders of record on Thursday, January 31st were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Wednesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 56.83%.
In related news, insider Ahmad Bahai sold 26,963 shares of the business’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $103.75, for a total value of $2,797,411.25. Following the completion of the sale, the insider now owns 58,928 shares of the company’s stock, valued at approximately $6,113,780. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 7,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.20, for a total transaction of $743,400.00. Following the completion of the sale, the director now directly owns 37,160 shares of the company’s stock, valued at approximately $3,946,392. The disclosure for this sale can be found here. Insiders have sold a total of 178,044 shares of company stock worth $18,178,452 in the last three months. Insiders own 0.84% of the company’s stock.
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About Texas Instruments
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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