PGGM Investments lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 34.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 629,000 shares of the semiconductor company’s stock after selling 327,619 shares during the period. PGGM Investments owned about 0.06% of Texas Instruments worth $65,693,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in TXN. Acrospire Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Texas Instruments in the second quarter valued at about $112,000. Westside Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 100 shares in the last quarter. Zions Bancorporation lifted its holdings in shares of 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 purchasing an additional 1,410 shares in the last quarter. Finally, Willingdon Wealth Management purchased a new stake in shares of Texas Instruments in the third quarter valued at about $141,000. 83.67% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP Haviv Ilan sold 23,831 shares of the stock in a transaction on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the sale, the vice president now owns 131,153 shares of the company’s stock, valued at $14,474,045.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Haren Julie Van sold 19,125 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $105.48, for a total transaction of $2,017,305.00. Following the completion of the sale, the insider now directly owns 29,578 shares of the company’s stock, valued at approximately $3,119,887.44. The disclosure for this sale can be found here. Insiders have sold 707,677 shares of company stock valued at $78,161,034 in the last ninety days. 0.96% of the stock is currently owned by company insiders.
Several brokerages have issued reports on TXN. Sanford C. Bernstein set a $125.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. B. Riley reaffirmed a “neutral” rating and issued a $110.00 price target (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Nomura upped their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley upped their price target on shares of Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Mizuho reaffirmed a “buy” rating and issued a $107.00 price target (up previously from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $109.65.
Texas Instruments Incorporated (TXN) opened at $101.94 on Tuesday. Texas Instruments Incorporated has a 52-week low of $74.93 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The company has a market cap of $100,470.00, a P/E ratio of 28.32, a P/E/G ratio of 2.11 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, hitting the consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. Texas Instruments’s revenue for the quarter was up 9.8% compared to the same quarter last year. equities research analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 68.89%.
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Texas Instruments 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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