Richard Bernstein Advisors LLC Has $4,943,000 Stake in Texas Instruments Incorporated (NASDAQ:TXN)

Richard Bernstein Advisors LLC maintained its position in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,362 shares of the semiconductor company’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in Texas Instruments were worth $4,943,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Denver Investment Advisors LLC boosted its position in shares of Texas Instruments by 2.0% in the fourth quarter. Denver Investment Advisors LLC now owns 6,887 shares of the semiconductor company’s stock worth $503,000 after buying an additional 138 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Texas Instruments by 34.0% in the fourth quarter. AQR Capital Management LLC now owns 3,645,088 shares of the semiconductor company’s stock worth $265,982,000 after buying an additional 925,503 shares during the last quarter. Guggenheim Capital LLC boosted its position in shares of Texas Instruments by 37.2% in the fourth quarter. Guggenheim Capital LLC now owns 1,135,170 shares of the semiconductor company’s stock worth $82,834,000 after buying an additional 307,593 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Texas Instruments by 35.0% in the fourth quarter. Ancora Advisors LLC now owns 57,122 shares of the semiconductor company’s stock worth $4,169,000 after buying an additional 14,820 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new position in shares of Texas Instruments during the fourth quarter worth about $5,013,000. 84.52% of the stock is owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 78.48 on Monday. The stock has a market capitalization of $78.19 billion, a P/E ratio of 20.88 and a beta of 1.20. Texas Instruments Incorporated has a 52 week low of $62.05 and a 52 week high of $84.65. The stock has a 50 day moving average price of $80.47 and a 200 day moving average price of $78.30.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 25th. The semiconductor company reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.06. Texas Instruments had a return on equity of 34.50% and a net margin of 27.54%. The firm had revenue of $3.40 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the firm posted $0.65 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. On average, equities research analysts expect that Texas Instruments Incorporated will post $3.93 EPS for the current year.

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A number of equities analysts have issued reports on TXN shares. Vetr cut Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price for the company. in a report on Monday, March 13th. Bank of America Corporation reaffirmed a “buy” rating and issued a $92.00 target price on shares of Texas Instruments in a report on Tuesday, March 14th. Macquarie started coverage on Texas Instruments in a report on Thursday, March 30th. They issued a “neutral” rating and a $82.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and issued a $84.00 target price on shares of Texas Instruments in a report on Monday, April 3rd. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $92.00 target price on shares of Texas Instruments in a report on Monday, April 17th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $82.10.

In other news, insider Kevin P. March sold 150,000 shares of the business’s stock in a transaction that occurred on 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 sale, the insider now directly owns 448,663 shares of the company’s stock, valued at approximately $36,225,050.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Niels Anderskouv sold 32,420 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $80.61, for a total value of $2,613,376.20. Following the completion of the sale, the insider now directly owns 102,028 shares in the company, valued at $8,224,477.08. The disclosure for this sale can be found here. Over the last three months, insiders sold 323,780 shares of company stock worth $26,093,457. Insiders own 0.96% of the company’s stock.

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

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