Bristol John W & Co. Inc. NY reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 983,877 shares of the semiconductor company’s stock after selling 46,222 shares during the quarter. Texas Instruments accounts for about 2.9% of Bristol John W & Co. Inc. NY’s investment portfolio, making the stock its 3rd largest position. Bristol John W & Co. Inc. NY owned 0.10% of Texas Instruments worth $102,756,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after buying an additional 200 shares during the period. Acrospire Investment Management LLC lifted its stake in shares of Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of Texas Instruments in the 2nd quarter valued at approximately $112,000. Westside Investment Management Inc. lifted its stake in shares of Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 100 shares during the period. Finally, Zions Bancorporation lifted its stake in shares of Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after purchasing an additional 1,410 shares during the period. Hedge funds and other institutional investors own 83.85% of the company’s stock.
TXN has been the subject of a number of analyst reports. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 20th. Jefferies Group reissued a “buy” rating and issued a $96.00 target price on shares of Texas Instruments in a report on Monday, September 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research note on Wednesday, October 4th. Finally, SunTrust Banks restated a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a research note on Thursday, October 12th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and a consensus target price of $96.69.
Shares of Texas Instruments Incorporated (TXN) traded up $6.24 on Thursday, reaching $119.16. The company’s stock had a trading volume of 6,916,700 shares, compared to its average volume of 5,595,918. The firm has a market cap of $115,130.00, a P/E ratio of 27.14, a P/E/G ratio of 2.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. Texas Instruments Incorporated has a 12 month low of $73.87 and a 12 month high of $119.43.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. analysts predict that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.
Texas Instruments announced that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.53, for a total value of $1,689,275.00. Following the transaction, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP R Gregory Delagi sold 61,250 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the completion of the transaction, the vice president now directly owns 189,234 shares in the company, valued at $18,308,389.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,362,293 shares of company stock worth $131,754,396. Corporate insiders own 0.96% of the company’s stock.
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Texas Instruments Company Profile
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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