2,611 Shares in Texas Instruments Incorporated (TXN) Purchased by Douglass Winthrop Advisors LLC
Douglass Winthrop Advisors LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,611 shares of the semiconductor company’s stock, valued at approximately $273,000.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its stake in Texas Instruments by 2.5% during the 4th quarter. BlackRock Inc. now owns 68,815,117 shares of the semiconductor company’s stock worth $7,187,053,000 after buying an additional 1,682,070 shares during the period. Capital International Investors raised its stake in Texas Instruments by 3.0% during the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after buying an additional 435,938 shares during the period. Janus Henderson Group PLC raised its stake in Texas Instruments by 16.5% during the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock worth $1,298,212,000 after buying an additional 2,055,040 shares during the period. Geode Capital Management LLC raised its stake in Texas Instruments by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 11,948,264 shares of the semiconductor company’s stock worth $1,245,591,000 after buying an additional 388,827 shares during the period. Finally, Jennison Associates LLC raised its stake in Texas Instruments by 31.0% during 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 during the period. 84.26% of the stock is currently owned by institutional investors.
Several brokerages recently commented on TXN. KeyCorp reaffirmed a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. B. Riley reaffirmed a “neutral” rating and set a $110.00 price objective (up previously from $97.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Sanford C. Bernstein set a $125.00 price objective on Texas Instruments and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Nomura raised their price objective on Texas Instruments from $90.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley raised their price objective on Texas Instruments from $92.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Fifteen research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $109.65.
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 the Thomson Reuters’ consensus estimate of $1.09. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. Texas Instruments’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. equities analysts forecast that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s payout ratio is 68.89%.
In other news, SVP Cynthia Hoff Trochu sold 3,574 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $110.65, for a total value of $395,463.10. Following the completion of the transaction, the senior vice president now owns 68,918 shares in the company, valued at approximately $7,625,776.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Richard K. Templeton sold 43,935 shares of the firm’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.44, for a total value of $4,808,246.40. Following the completion of the transaction, the chairman now owns 798,812 shares of the company’s stock, valued at approximately $87,421,985.28. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock valued at $83,306,399 in the last 90 days. 0.96% of the stock is owned by corporate 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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