Garde Capital Inc. grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,351 shares of the semiconductor company’s stock after buying an additional 598 shares during the quarter. Garde Capital Inc.’s holdings in Texas Instruments were worth $559,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also recently bought and sold shares of the company. American International Group Inc. boosted its holdings in Texas Instruments by 1,093.2% in the fourth quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after purchasing an additional 5,141,210 shares during the last quarter. Lansdowne Partners UK LLP boosted its holdings in Texas Instruments by 16,573.7% in the fourth quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock worth $394,167,000 after purchasing an additional 3,751,449 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Texas Instruments by 864.6% in the third quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after purchasing an additional 2,131,883 shares during the last quarter. Jennison Associates LLC boosted its holdings in Texas Instruments by 31.0% in the fourth quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after purchasing an additional 2,061,255 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Texas Instruments by 16.5% in the third quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock worth $1,298,212,000 after purchasing an additional 2,055,040 shares during the last quarter. Hedge funds and other institutional investors own 85.15% of the company’s stock.
Shares of Texas Instruments Incorporated (TXN) opened at $103.90 on Friday. The company has a market cap of $107,685.38, a price-to-earnings ratio of 28.86, a PEG ratio of 2.29 and a beta of 1.22. Texas Instruments Incorporated has a 52-week low of $75.92 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.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.91 EPS. analysts anticipate that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
Several brokerages recently issued reports on TXN. Citigroup restated a “buy” rating and issued a $135.00 target price (up previously from $110.00) on shares of Texas Instruments in a report on Wednesday, January 24th. SunTrust Banks increased their price target on shares of Texas Instruments from $96.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. Credit Suisse Group upgraded shares of Texas Instruments to a “buy” rating and set a $125.00 price target on the stock in a research report on Wednesday, February 7th. Drexel Hamilton reiterated a “buy” rating and issued a $130.00 price target (up from $110.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Finally, Stifel Nicolaus increased their price target on shares of Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday, January 18th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $109.65.
In other Texas Instruments news, insider Bing Xie sold 15,877 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total value of $1,733,927.17. Following the sale, the insider now directly owns 63,048 shares in the company, valued at approximately $6,885,472.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin J. Ritchie sold 49,955 shares of Texas Instruments stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 757,632 shares of company stock worth $83,306,399. 0.84% of the stock is currently owned by insiders.
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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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