KBC Group NV Increases Stake in Texas Instruments Incorporated (TXN)

KBC Group NV lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 28.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 668,537 shares of the semiconductor company’s stock after purchasing an additional 149,885 shares during the quarter. Texas Instruments accounts for approximately 0.6% of KBC Group NV’s investment portfolio, making the stock its 27th biggest holding. KBC Group NV owned 0.07% of Texas Instruments worth $69,822,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Janus Henderson Group PLC increased its holdings in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after buying an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in Texas Instruments by 864.6% during 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 buying an additional 2,131,883 shares during the last quarter. Jennison Associates LLC increased its holdings in Texas Instruments by 31.0% during the fourth quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after buying an additional 2,061,255 shares during the last quarter. Vanguard Group Inc. increased its holdings in Texas Instruments by 2.1% during the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after buying an additional 1,683,613 shares during the last quarter. Finally, Koch Industries Inc. increased its holdings in Texas Instruments by 36,796.2% during the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after buying an additional 1,355,571 shares during the last quarter. 84.30% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Stephen A. Anderson sold 141,638 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the completion of the sale, the insider now owns 178,200 shares of the company’s stock, valued at $19,801,584. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Haren Julie Van sold 19,125 shares of the company’s stock in a transaction dated 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 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 sold 707,677 shares of company stock worth $78,161,034 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Texas Instruments Incorporated (TXN) opened at $100.49 on Friday. 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 one year low of $74.52 and a one year high of $120.75. The company has a market cap of $99,039.02, a PE ratio of 23.53, a P/E/G ratio of 2.11 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the Thomson Reuters’ 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 period in the prior year, the company posted $0.91 earnings per share. Texas Instruments’s revenue was up 9.8% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be paid a $0.62 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is presently 68.89%.

A number of equities analysts recently weighed in on the stock. B. Riley restated a “neutral” rating and set a $110.00 target price (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Sanford C. Bernstein set a $125.00 price objective on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. Credit Suisse Group upgraded shares of Texas Instruments to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday. Nomura upped their price objective 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. Finally, Morgan Stanley upped their price objective 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. Fifteen 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 currently has a consensus rating of “Buy” and a consensus target price of $109.65.

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

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