Texas Instruments Incorporated (NASDAQ:TXN).
Gateway Investment Advisers LLC says it increased its stake in Texas Instruments Incorporated stock by 4.9% as reported in a filing on 07/12/2017. Its stake was valued at $52,802,000 an increase of 0.1% according to the filing.
These firms have also modified their investment in TXN. As of quarter end Pennsylvania Trust Co had bought a total of 10,522 shares growing its stake by 11.6%. The value of the total investment in Texas Instruments Incorporated went from $7,299,000 to $7,779,000 a change of $480,000 since the last quarter. As of the end of the quarter Hays Advisory LLC had acquired 168 shares growing its position 4.5%. The value of the investment in TXN decreased from $301,000 to $300,000 decreasing 0.3% quarter over quarter.
As of the end of the quarter Bank Of Montreal /can/ had acquired 43,204 shares growing its holdings by 635.7%. The value of the investment in Texas Instruments Incorporated increased from $547,000 to $3,847,000 a change of 603.3% quarter to quarter.
Equity analyst Loop Capital began coverage of the stock giving it an initial rating of “Hold”. On September 13 the company was upgraded from “Market Perform” to “Outperform” in a statement from Bernstein.
July 26 investment analysts at CLSA kept the stock rating at “Market Perform” but moved up the price target from $60.00 to $70.00. On July 26 Bernstein made no change to the stock rating of “Market Perform” and moved up the price target to $70.00 from $54.00.
On July 26 the stock rating was upgraded to “Market Perform” from “Neutral” and a price target of $70.00 was set in an announcement from Bank of America. CLSA started covering TXN with a rating of “Underperform” and projecting a price target of $60.00.
The company is so far trading up since yesterday’s close of $79.04. The company also recently announced a dividend paid on Monday the 15th of May 2017. The dividend payment was $0.500 per share for the quarter which comes to $2.00 on an annualized basis. The dividend yield was $2.55. The ex-dividend date was Thursday the 27th of April 2017.
Shares are trading at $79.75 marginally under the 50 day moving average of $80.47 and a tad above the 200 day moving average of $78.30. The 50 day moving average was down $-0.67 or -0.83% whereas the 200 day moving average was up $1.50 or +1.91%.
The P/E ratio is 21.23 and the market value is 79.51B. As of the last earnings report the EPS was $3.76 and is projected to be $3.93 for the current year with 996,323,000 shares currently outstanding. Next quarter’s EPS is estimated at $1.05 and the next full year EPS is anticipated to be $4.06.
Traders are a little more bearish on Texas Instruments Incorporated of late if you watch the change in short interest. The stock experienced a rise in short interest from May 31, 2017 to May 15, 2017 of 0.02%. Short interest grew from 13,324,714 to 13,326,901 over that timeframe. With short interest at 13,326,901 and short average daily volume at 4,507,797, the short-interest ratio is 3.0 and the percentage of shorted shares was 0.01% on May 15.