Atlas Capital Advisors LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,834 shares of the semiconductor company’s stock after buying an additional 834 shares during the quarter. Atlas Capital Advisors LLC’s holdings in Texas Instruments were worth $1,388,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the stock. Bank of The West raised its holdings in Texas Instruments by 4.6% during the 2nd quarter. Bank of The West now owns 10,401 shares of the semiconductor company’s stock valued at $1,146,000 after buying an additional 453 shares during the period. Buckley Wealth Management LLC increased its stake in Texas Instruments by 3.5% in the second quarter. Buckley Wealth Management LLC now owns 13,732 shares of the semiconductor company’s stock worth $1,514,000 after purchasing an additional 461 shares during the period. D.B. Root & Company LLC increased its stake in Texas Instruments by 8.9% in the second quarter. D.B. Root & Company LLC now owns 5,701 shares of the semiconductor company’s stock worth $629,000 after purchasing an additional 466 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Texas Instruments by 7.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 7,372 shares of the semiconductor company’s stock worth $813,000 after purchasing an additional 486 shares during the period. Finally, Merit Financial Group LLC increased its stake in Texas Instruments by 13.7% in the second quarter. Merit Financial Group LLC now owns 4,063 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 488 shares during the period. Institutional investors own 85.51% of the company’s stock.
In related news, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the sale, the insider now owns 43,270 shares of the company’s stock, valued at $4,067,380. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin S. Craighead acquired 10,900 shares of the company’s stock in a transaction that occurred on Thursday, October 25th. The shares were bought at an average cost of $91.70 per share, for a total transaction of $999,530.00. Following the transaction, the director now owns 13,100 shares of the company’s stock, valued at $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is owned by company insiders.
TXN opened at $94.62 on Tuesday. Texas Instruments Incorporated has a 12-month low of $87.90 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.09 and a current ratio of 3.97. The firm has a market cap of $93.99 billion, a PE ratio of 18.64, a PEG ratio of 1.90 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The business had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current year.
Texas Instruments announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 20th that authorizes the company to buyback $12.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 11.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Wednesday, October 31st were given a dividend of $0.77 per share. The ex-dividend date of this dividend was Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.26%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio (DPR) is presently 71.96%.
Texas Instruments 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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