TD Asset Management Inc. raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 17.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 1,463,367 shares of the semiconductor company’s stock after buying an additional 221,212 shares during the period. TD Asset Management Inc. owned about 0.15% of Texas Instruments worth $117,889,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in TXN. Comerica Bank boosted its stake in shares of Texas Instruments by 4.9% in the fourth quarter. Comerica Bank now owns 277,739 shares of the semiconductor company’s stock valued at $20,830,000 after buying an additional 12,852 shares in the last quarter. Burney Co. acquired a new stake in shares of Texas Instruments during the fourth quarter valued at $626,000. Private Advisory Group LLC acquired a new stake in shares of Texas Instruments during the fourth quarter valued at $203,000. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Texas Instruments by 163.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 33,434 shares of the semiconductor company’s stock valued at $2,440,000 after buying an additional 20,754 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in shares of Texas Instruments by 8.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,547,360 shares of the semiconductor company’s stock valued at $112,912,000 after buying an additional 121,463 shares in the last quarter. Institutional investors own 85.06% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 79.70 on Friday. The company has a 50-day moving average of $80.65 and a 200-day moving average of $77.85. The stock has a market capitalization of $79.41 billion, a price-to-earnings ratio of 21.21 and a beta of 1.16. Texas Instruments Incorporated has a 1-year low of $58.61 and a 1-year high of $84.65.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.06. The company had revenue of $3.40 billion during the quarter, compared to the consensus estimate of $3.31 billion. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. Texas Instruments’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. On average, equities research analysts expect that Texas Instruments Incorporated will post $3.93 EPS for the current fiscal year.
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Several equities research analysts recently weighed in on the stock. Robert W. Baird boosted their price target on shares of Texas Instruments from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Drexel Hamilton restated a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a research report on Wednesday, April 26th. Cowen and Company boosted their price target on shares of Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. B. Riley reiterated a “neutral” rating and set a $83.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. Finally, Nomura reiterated a “hold” rating and set a $75.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Texas Instruments has an average rating of “Hold” and an average price target of $82.10.
In other news, insider Kevin P. March sold 150,000 shares of Texas Instruments stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $80.74, for a total value of $12,111,000.00. Following the completion of the transaction, the insider now owns 448,663 shares in the company, valued at approximately $36,225,050.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Pamela H. Patsley sold 7,000 shares of Texas Instruments stock in a transaction dated Thursday, April 27th. The shares were sold at an average price of $80.55, for a total value of $563,850.00. Following the completion of the transaction, the director now owns 35,296 shares of the company’s stock, valued at approximately $2,843,092.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 323,780 shares of company stock valued at $26,093,457. 0.96% of the stock is currently 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. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.
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