Tiaa Fsb Trims Position in Texas Instruments Incorporated (TXN)

TIAA FSB reduced its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,679 shares of the semiconductor company’s stock after selling 3,679 shares during the period. TIAA FSB’s holdings in Texas Instruments were worth $11,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Acrospire Investment Management LLC increased its stake in Texas Instruments by 55.6% during 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 in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of Texas Instruments in the second quarter worth approximately $112,000. Westside Investment Management Inc. grew its stake 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 worth $122,000 after acquiring an additional 100 shares during the period. Zions Bancorporation grew its stake 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 worth $140,000 after acquiring an additional 1,410 shares during the period. Finally, Willingdon Wealth Management bought a new stake in shares of Texas Instruments in the third quarter worth approximately $141,000. 83.67% of the stock is owned by institutional investors.

In other news, Director Mark A. Blinn sold 9,724 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $112.47, for a total value of $1,093,658.28. Following the transaction, the director now owns 10,178 shares of the company’s stock, valued at $1,144,719.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the completion of the transaction, the insider now directly owns 178,200 shares in the company, valued at approximately $19,801,584. The disclosure for this sale can be found here. Insiders sold 707,677 shares of company stock worth $78,161,034 in the last three months. Insiders own 0.96% of the company’s stock.

A number of brokerages have recently commented on TXN. Sanford C. Bernstein set a $125.00 price target on shares of Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, January 24th. B. Riley reiterated a “neutral” rating and issued a $110.00 price target (up from $97.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Nomura lifted their price target on shares of Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Morgan Stanley lifted their price target on shares of Texas Instruments from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Mizuho reissued a “buy” rating and issued a $107.00 price objective (up previously from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Fifteen analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $109.65.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $100.98 on Wednesday. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a 1-year low of $74.93 and a 1-year high of $120.75. The firm has a market cap of $99,520.00, a P/E ratio of 28.05, a price-to-earnings-growth ratio of 2.14 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 earnings per share for the quarter, meeting the consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts forecast that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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