Teachers Retirement System of The State of Kentucky cut its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,150 shares of the semiconductor company’s stock after selling 3,750 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Texas Instruments were worth $11,086,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. National Pension Service lifted its position in shares of Texas Instruments by 3.1% in the 4th quarter. National Pension Service now owns 848,127 shares of the semiconductor company’s stock valued at $88,578,000 after acquiring an additional 25,667 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Texas Instruments by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 5,172,444 shares of the semiconductor company’s stock valued at $463,650,000 after acquiring an additional 83,416 shares in the last quarter. Ascension Asset Management LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $2,331,000. BlackRock Inc. lifted its position in shares of Texas Instruments by 2.5% in the 4th 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 in the last quarter. Finally, American National Bank purchased a new stake in shares of Texas Instruments in the 4th quarter valued at approximately $330,000. 85.21% of the stock is owned by institutional investors and hedge funds.
In related news, insider Kevin J. Ritchie sold 49,955 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total value of $5,145,365.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mark A. Blinn sold 9,724 shares of the firm’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the completion of the transaction, the director now owns 10,178 shares in the company, valued at $1,144,719.66. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 over the last quarter. 0.96% of the stock is currently owned by company insiders.
Texas Instruments Incorporated (NASDAQ TXN) opened at $110.59 on Wednesday. Texas Instruments Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75. The company has a market cap of $109,820.20, a price-to-earnings ratio of 26.14, a PEG ratio of 2.34 and a beta of 1.22. 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 posted its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $3.74 billion. During the same period last year, the business posted $0.91 EPS. Texas Instruments’s revenue was up 9.8% compared to the same quarter last year. research analysts forecast that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were paid a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.24%. Texas Instruments’s payout ratio is presently 68.89%.
Several equities research analysts recently commented on TXN shares. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Morgan Stanley increased their target price on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $112.00 target price on shares of Texas Instruments in a research report on Thursday, January 4th. Citigroup reiterated a “buy” rating and issued a $135.00 target price (up previously from $110.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. Finally, Credit Suisse Group upgraded shares of Texas Instruments to a “buy” rating and set a $125.00 target price for the company in a research report on Wednesday, February 7th. Fifteen research 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. Texas Instruments currently has an average rating of “Buy” and an average price target 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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