BlackRock Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.5% during the 4th quarter, HoldingsChannel reports. The fund owned 68,815,117 shares of the semiconductor company’s stock after buying an additional 1,682,070 shares during the period. BlackRock Inc. owned approximately 0.07% of Texas Instruments worth $7,187,053,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Janus Henderson Group PLC lifted its holdings in Texas Instruments by 729.1% in the 2nd 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 in the last quarter. Alyeska Investment Group L.P. lifted its holdings in Texas Instruments by 864.6% in the 3rd 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 in the last quarter. Jennison Associates LLC lifted its holdings in Texas Instruments by 31.0% in the 4th 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 in the last quarter. Koch Industries Inc. lifted its holdings in Texas Instruments by 36,796.2% in the 2nd 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 in the last quarter. Finally, Burgundy Asset Management Ltd. acquired a new position in Texas Instruments in the 3rd quarter worth $120,341,000. Institutional investors and hedge funds own 83.67% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $104.47 on Friday. 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 Incorporated has a 1 year low of $75.52 and a 1 year high of $120.75. The firm has a market cap of $102,860.00, a PE ratio of 29.02, a P/E/G ratio of 2.19 and a beta of 1.24.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, meeting analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $3.74 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.89%.
In related news, SVP Cynthia Hoff Trochu sold 3,574 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $110.65, for a total transaction of $395,463.10. Following the completion of the sale, the senior vice president now owns 68,918 shares of the company’s stock, valued at approximately $7,625,776.70. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian T. Crutcher sold 267,201 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the sale, the chief operating officer now directly owns 246,961 shares of the company’s stock, valued at approximately $27,432,427.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 757,632 shares of company stock valued at $83,306,399. Insiders own 0.96% of the company’s stock.
A number of brokerages have commented on TXN. B. Riley reiterated a “neutral” rating and issued a $110.00 price objective (up previously 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 stock a “buy” rating in a report on Wednesday, January 24th. Nomura boosted their price objective on shares of Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. KeyCorp reissued a “hold” rating on shares of Texas Instruments in a research report on Friday, November 24th. Finally, Mizuho reissued a “buy” rating and issued a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a research report on Tuesday, January 23rd. Fifteen investment 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. The company has an average rating of “Buy” and a consensus price target of $109.65.
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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