Bristol John W & Co. Inc. NY lowered its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 983,877 shares of the semiconductor company’s stock after selling 46,222 shares during the quarter. Texas Instruments comprises about 2.9% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 3rd biggest holding. Bristol John W & Co. Inc. NY owned about 0.10% of Texas Instruments worth $102,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Patriot Financial Group Insurance Agency LLC raised its holdings in Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in Texas Instruments by 55.6% in the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Texas Instruments in the second quarter valued at approximately $112,000. Westside Investment Management Inc. raised its holdings in Texas Instruments by 6.9% in the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 100 shares in the last quarter. Finally, Zions Bancorporation raised its holdings in Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after acquiring an additional 1,410 shares in the last quarter. 83.82% of the stock is currently owned by institutional investors.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $109.70 on Thursday. Texas Instruments Incorporated has a fifty-two week low of $73.87 and a fifty-two week high of $110.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The company has a market capitalization of $108,120.00, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 EPS. equities research analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current year.
Texas Instruments announced that its board has approved a stock repurchase plan on Thursday, September 21st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a report on Thursday, January 4th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Morgan Stanley increased their price target on shares of Texas Instruments from $88.00 to $92.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. KeyCorp reiterated a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $110.00 price target (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and an average price target of $95.51.
In related news, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares in the company, valued at approximately $18,438,960.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock valued at $131,754,396 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.
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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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