Public Employees Retirement Association of Colorado Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Share on StockTwits

Public Employees Retirement Association of Colorado raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 457.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 948,682 shares of the semiconductor company’s stock after buying an additional 778,539 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.10% of Texas Instruments worth $122,608,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dowling & Yahnke LLC raised its holdings in shares of Texas Instruments by 0.7% in the 2nd quarter. Dowling & Yahnke LLC now owns 62,176 shares of the semiconductor company’s stock valued at $7,135,000 after purchasing an additional 422 shares in the last quarter. ARP Americas LP raised its holdings in shares of Texas Instruments by 233.4% in the 2nd quarter. ARP Americas LP now owns 21,998 shares of the semiconductor company’s stock valued at $2,524,000 after purchasing an additional 15,400 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Texas Instruments by 16.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,216 shares of the semiconductor company’s stock valued at $373,000 after purchasing an additional 456 shares in the last quarter. Alberta Investment Management Corp raised its holdings in shares of Texas Instruments by 17.8% in the 2nd quarter. Alberta Investment Management Corp now owns 66,200 shares of the semiconductor company’s stock valued at $7,597,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Berman Capital Advisors LLC raised its holdings in shares of Texas Instruments by 23.2% in the 2nd quarter. Berman Capital Advisors LLC now owns 680 shares of the semiconductor company’s stock valued at $78,000 after purchasing an additional 128 shares in the last quarter. 85.49% of the stock is owned by institutional investors.

NASDAQ TXN traded up $0.19 during trading on Friday, reaching $120.11. The company’s stock had a trading volume of 3,804,800 shares, compared to its average volume of 5,050,332. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $132.20. The firm has a market cap of $112.04 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 2.40 and a beta of 1.23. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.32 and a current ratio of 4.34. The business’s fifty day moving average price is $125.47 and its 200-day moving average price is $119.20.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.82 billion. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.56 earnings per share. As a group, sell-side analysts forecast that Texas Instruments Incorporated will post 4.94 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Thursday, October 31st will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Wednesday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.77. Texas Instruments’s payout ratio is currently 66.42%.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus set a $117.00 price objective on shares of Texas Instruments and gave the company a “hold” rating in a report on Monday, October 21st. Bank of America reduced their price objective on shares of Texas Instruments from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. BMO Capital Markets raised their price objective on shares of Texas Instruments from $130.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Loop Capital lifted their price target on shares of Texas Instruments to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Royal Bank of Canada cut their price target on shares of Texas Instruments to $124.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 23rd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $120.97.

About Texas Instruments

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.

Featured Story: Gap Up Stocks

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.