Corient Capital Partners LLC Has $3.36 Million Stake in Texas Instruments Incorporated (TXN)

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Corient Capital Partners LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 119.1% during the first quarter, HoldingsChannel.com reports. The firm owned 31,629 shares of the semiconductor company’s stock after purchasing an additional 17,193 shares during the quarter. Corient Capital Partners LLC’s holdings in Texas Instruments were worth $3,355,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TXN. HNP Capital LLC increased its holdings in Texas Instruments by 1.3% during the first quarter. HNP Capital LLC now owns 7,590 shares of the semiconductor company’s stock valued at $805,000 after buying an additional 95 shares during the last quarter. Northwest Bancshares Inc. increased its holdings in Texas Instruments by 3.3% during the first quarter. Northwest Bancshares Inc. now owns 3,156 shares of the semiconductor company’s stock valued at $335,000 after buying an additional 100 shares during the last quarter. Warren Averett Asset Management LLC increased its holdings in Texas Instruments by 3.4% during the first quarter. Warren Averett Asset Management LLC now owns 3,042 shares of the semiconductor company’s stock valued at $323,000 after buying an additional 100 shares during the last quarter. HighPoint Advisor Group LLC increased its stake in shares of Texas Instruments by 0.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock worth $1,868,000 after purchasing an additional 102 shares in the last quarter. Finally, Balasa Dinverno & Foltz LLC increased its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock worth $836,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 85.36% of the company’s stock.

In other Texas Instruments news, CEO Richard K. Templeton sold 160,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $116.77, for a total transaction of $18,683,200.00. Following the completion of the transaction, the chief executive officer now owns 930,287 shares in the company, valued at $108,629,612.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rafael R. Lizardi sold 27,675 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $117.87, for a total transaction of $3,262,052.25. Following the transaction, the insider now owns 98,809 shares of the company’s stock, valued at approximately $11,646,616.83. The disclosure for this sale can be found here. Insiders have sold 879,332 shares of company stock valued at $103,024,864 over the last ninety days. 0.89% of the stock is currently owned by corporate insiders.

TXN opened at $110.19 on Friday. The firm has a market cap of $102.94 billion, a P/E ratio of 20.33, a P/E/G ratio of 2.09 and a beta of 1.24. Texas Instruments Incorporated has a fifty-two week low of $87.70 and a fifty-two week high of $119.32. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.09. The company had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. Texas Instruments’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the company posted $1.35 earnings per share. As a group, research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 6th were paid a dividend of $0.77 per share. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $3.08 annualized dividend and a yield of 2.80%. Texas Instruments’s payout ratio is 56.83%.

TXN has been the subject of a number of analyst reports. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Longbow Research cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective for the company. in a research note on Wednesday, April 17th. DZ Bank cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Loop Capital increased their price objective on shares of Texas Instruments to $126.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $111.18.

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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.

See Also: Trade Deficit

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

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