Texas Instruments Incorporated (TXN) Shares Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. grew its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 46.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,924 shares of the semiconductor company’s stock after purchasing an additional 2,814 shares during the period. Itau Unibanco Holding S.A.’s holdings in Texas Instruments were worth $932,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Barbara Oil Co. bought a new stake in Texas Instruments in the fourth quarter valued at about $1,044,000. Boston Research & Management Inc. bought a new stake in Texas Instruments in the fourth quarter valued at about $215,000. Taylor Hoffman Wealth Management bought a new stake in Texas Instruments in the fourth quarter valued at about $105,000. Virtu Financial LLC bought a new stake in Texas Instruments in the fourth quarter valued at about $1,238,000. Finally, BlackRock Inc. increased its stake in Texas Instruments by 2.5% in the fourth quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock valued at $7,187,053,000 after acquiring an additional 1,682,070 shares during the period. 83.67% of the stock is owned by institutional investors and hedge funds.

In other news, Director Mark A. Blinn sold 9,724 shares of Texas Instruments stock in a transaction dated 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 completion of the transaction, the director now owns 10,178 shares of the company’s stock, valued at approximately $1,144,719.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Haviv Ilan sold 23,831 shares of Texas Instruments stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the completion of the transaction, the vice president now directly owns 131,153 shares of the company’s stock, valued at approximately $14,474,045.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.96% of the stock is owned by insiders.

A number of analysts recently weighed in on the stock. Deutsche Bank upped their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Loop Capital reaffirmed a “hold” rating and set a $102.00 price objective (up from $90.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Nomura upped their price objective on shares of Texas Instruments from $80.00 to $90.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. 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’s stock. Texas Instruments presently has an average rating of “Buy” and a consensus price target of $109.65.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $104.47 on Monday. 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 12-month low of $75.66 and a 12-month high of $120.75. The stock has a market cap of $102,960.00, a price-to-earnings ratio of 29.02, a PEG ratio of 2.19 and a beta of 1.24.

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 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 company 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 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 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.

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

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