OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 53.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,143 shares of the semiconductor company’s stock after acquiring an additional 18,100 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd.’s holdings in Texas Instruments were worth $5,446,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Taylor Hoffman Wealth Management bought a new position in Texas Instruments during the fourth quarter valued at $105,000. Risk Paradigm Group LLC bought a new position in Texas Instruments during the fourth quarter valued at $138,000. Zions Bancorporation grew its holdings in Texas Instruments by 915.6% during 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 during the period. Willingdon Wealth Management bought a new position in Texas Instruments during the third quarter valued at $141,000. Finally, Truewealth LLC bought a new position in Texas Instruments during the fourth quarter valued at $150,000. 85.15% of the stock is owned by institutional investors.
Several equities analysts have weighed in on the company. B. Riley reissued a “neutral” rating and set a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. KeyCorp reissued a “hold” rating on shares of Texas Instruments in a report on Friday, November 24th. Sanford C. Bernstein set a $125.00 price objective on Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. Nomura increased their price objective on Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their price objective on Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $109.65.
Shares of TXN stock opened at $110.00 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. Texas Instruments Incorporated has a 12-month low of $75.92 and a 12-month high of $120.75. The stock has a market capitalization of $106,111.33, a price-to-earnings ratio of 30.56, a P/E/G ratio of 2.26 and a beta of 1.22.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter last year, the business posted $0.91 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.
In related news, insider Stephen A. Anderson sold 141,638 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the transaction, the insider now owns 178,200 shares of the company’s stock, valued at $19,801,584. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Cynthia Hoff Trochu sold 3,574 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total value of $395,463.10. Following the completion of the transaction, the senior vice president now directly owns 68,918 shares in the company, valued at approximately $7,625,776.70. The disclosure for this sale can be found here. Insiders sold 757,632 shares of company stock worth $83,306,399 in the last quarter. 0.84% of the stock is currently owned by company insiders.
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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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