Texas Instruments Incorporated (NASDAQ:TXN).
Gateway Investment Advisers LLC reports that it increased its ownership in Texas Instruments Incorporated shares by 31,842 shares as of the end of the last quarter. Its position stood at $52,802,000 an increase of 0.1% as of quarter end.
These firms have also modified their investment in TXN. Pennsylvania Trust Co added to its ownership by buying 10,522 shares an increase of 11.6%. Pennsylvania Trust Co claims 101,123 shares worth $7,779,000. The total value of its holdings increased 6.6%. As of quarter end Hays Advisory LLC had bought a total of 168 shares growing its position 4.5%. The value in dollars decreased from $301,000 to $300,000 a change of $1,000 quarter over quarter.
As of the end of the quarter Bank Of Montreal /can/ had acquired 43,204 shares growing its stake by 635.7%. The value of the investment in (TXN) went from $547,000 to $3,847,000 increasing 603.3% quarter to quarter.
Loop Capital started covering the stock setting a rating of “Hold”. On September 13, 2016 the stock rating was rated “Outperform” in a report from Bernstein a boost from the previous “Market Perform” rating.
On July 26 CLSA kept the stock rating at “Market Perform” but moved up the price target from $60.00 to $70.00. July 26 investment analysts at Bernstein maintained a stock rating of “Market Perform” and moved up the price target to $70.00 from $54.00.
On July 26 the company was upgraded to “Market Perform” from “Neutral” and a price target of $70.00 was set by analysts at Bank of America. On May 17 analysts at CLSA began coverage with an initial rating of “Underperform” and setting a price target of $60.00.
The company is now up by 0.91% since yesterday’s close of $79.04. Texas Instruments Incorporated also recently announced a dividend which was paid on Monday May 15th, 2017. The dividend payment was $0.500 per share for the quarter or $2.00 on an annualized basis. The dividend yield was $2.55. The ex-dividend date was set for Thursday the 27th of April 2017.
Company shares last traded at $79.76 just below the 50 day moving average which is $80.47 and a tad above the 200 day moving average of $78.30. The 50 day moving average was down $-0.67 and the 200 day average went up $1.50 or +1.91%.
Texas Instruments Incorporated’s P/E ratio is 21.23 and market cap is 79.51B. In the latest earnings report the EPS was $3.76 and is estimated to be $3.93 for the current year with 996,323,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.05 and the next full year EPS is projected to be $4.06.
Traders are a little more bearish on Texas Instruments Incorporated of late if you take a look at the uptick in short interest. The company had a rise in short interest between May 31, 2017 and May 15, 2017 of 0.02%. Short shares increased 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 is 0.01% as of May 15.