Exencial Wealth Advisors LLC boosted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 53.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,112 shares of the semiconductor company’s stock after purchasing an additional 4,588 shares during the quarter. Exencial Wealth Advisors LLC’s holdings in Texas Instruments were worth $1,407,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Kiley Juergens Wealth Management LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $100,000. Centaurus Financial Inc. acquired a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $101,000. Baker Ellis Asset Management LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $105,000. Kwmg LLC acquired a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $107,000. Finally, Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in shares of Texas Instruments in the 3rd quarter valued at approximately $107,000. Institutional investors and hedge funds own 84.41% of the company’s stock.
TXN opened at $97.20 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $87.90 and a fifty-two week 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 company has a market cap of $92.42 billion, a price-to-earnings ratio of 22.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.28.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.05. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The firm had revenue of $4.26 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities research analysts forecast that Texas Instruments Incorporated will post 5.42 EPS for the current fiscal year.
Texas Instruments announced that its board has approved a share buyback plan on Thursday, September 20th that permits the company to repurchase $12.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.17%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, October 30th. Texas Instruments’s payout ratio is presently 71.96%.
In other news, Director Martin S. Craighead acquired 10,900 shares of Texas Instruments stock in a transaction dated Thursday, October 25th. The shares were bought at an average cost of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now owns 13,100 shares in the company, valued at approximately $1,201,270. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kyle M. Flessner sold 16,088 shares of the company’s stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the completion of the sale, the insider now directly owns 43,270 shares in the company, valued at $4,067,380. The disclosure for this sale can be found here. Insiders own 0.84% of the company’s stock.
Several brokerages recently issued reports on TXN. KeyCorp began coverage on shares of Texas Instruments in a report on Tuesday, September 25th. They set a “sector weight” rating on the stock. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, October 8th. Longbow Research raised shares of Texas Instruments from a “neutral” rating to a “buy” rating in a report on Wednesday, July 11th. Loop Capital decreased their price target on shares of Texas Instruments to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 24th. Finally, UBS Group set a $93.00 price target on shares of Texas Instruments and gave the company a “sell” rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $117.11.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Fairfield Current and is the sole property of of Fairfield Current. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.fairfieldcurrent.com/2018/11/08/exencial-wealth-advisors-llc-has-1-41-million-holdings-in-texas-instruments-incorporated-txn.html.
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 Article: How is Preferred Stock Different from Common Stock?
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.