Barometer Capital Management Inc. lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 42.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 250,800 shares of the company’s stock after selling 182,150 shares during the period. Texas Instruments makes up about 2.0% of Barometer Capital Management Inc.’s holdings, making the stock its 13th largest position. Barometer Capital Management Inc.’s holdings in Texas Instruments were worth $18,301,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Robinson Value Management Ltd. bought a new stake in shares of Texas Instruments during the fourth quarter valued at approximately $365,000. Hall Laurie J Trustee bought a new stake in shares of Texas Instruments during the fourth quarter valued at about $174,000. RGT Capital Management Ltd. bought a new stake in shares of Texas Instruments during the third quarter valued at about $1,669,000. Cutler Investment Counsel LLC increased its stake in shares of Texas Instruments by 0.8% in the third quarter. Cutler Investment Counsel LLC now owns 135,349 shares of the company’s stock valued at $9,499,000 after buying an additional 1,097 shares during the period. Finally, HighPoint Advisor Group LLC increased its stake in shares of Texas Instruments by 7.5% in the third quarter. HighPoint Advisor Group LLC now owns 28,317 shares of the company’s stock valued at $2,041,000 after buying an additional 1,984 shares during the period. 86.21% of the stock is currently owned by institutional investors.
Texas Instruments Incorporated (NASDAQ:TXN) opened at 75.64 on Wednesday. The stock has a 50 day moving average price of $75.37 and a 200 day moving average price of $71.67. The stock has a market cap of $75.34 billion, a price-to-earnings ratio of 21.75 and a beta of 1.24. Texas Instruments Incorporated has a 52-week low of $51.31 and a 52-week high of $79.47.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 24th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.82 by $0.20. The firm earned $3.41 billion during the quarter, compared to analyst estimates of $3.31 billion. Texas Instruments had a net margin of 25.89% and a return on equity of 32.78%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.71 earnings per share. Analysts expect that Texas Instruments Incorporated will post $3.67 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 13th. Shareholders of record on Tuesday, January 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, January 27th. This represents a $2.00 annualized dividend and a yield of 2.64%. Texas Instruments’s dividend payout ratio (DPR) is 59.35%.
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Several research analysts recently weighed in on the stock. Credit Suisse Group upgraded shares of Texas Instruments from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $77.00 to $95.00 in a report on Monday, January 9th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday, October 19th. Mizuho boosted their target price on Texas Instruments from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Jefferies Group LLC reaffirmed a “buy” rating and set a $88.00 price target on shares of Texas Instruments in a research report on Thursday, February 9th. Finally, Deutsche Bank AG lifted their price target on Texas Instruments from $70.00 to $73.00 and gave the stock a “hold” rating in a report on Wednesday, January 25th. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.94.
In other news, COO Brian T. Crutcher sold 125,437 shares of the stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $78.86, for a total transaction of $9,891,961.82. Following the transaction, the chief operating officer now directly owns 365,584 shares in the company, valued at $28,829,954.24. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 540,000 shares of the stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $78.48, for a total transaction of $42,379,200.00. Following the transaction, the chairman now owns 993,164 shares in the company, valued at $77,943,510.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 959,393 shares of company stock valued at $74,927,396. 1.02% of the stock is owned by corporate insiders.
About Texas Instruments
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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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