Capital International Inc. CA Decreases Holdings in Texas Instruments Incorporated (TXN)
Capital International Inc. CA lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 12.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,600 shares of the semiconductor company’s stock after selling 1,500 shares during the period. Capital International Inc. CA’s holdings in Texas Instruments were worth $950,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Janus Henderson Group PLC lifted its stake in shares of 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 valued at $955,996,000 after purchasing an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of 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 valued at $213,205,000 after purchasing an additional 2,131,883 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the last quarter. Waddell & Reed Financial Inc. lifted its stake in shares of Texas Instruments by 476.4% in the 1st quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after purchasing an additional 1,643,640 shares during the last quarter. Finally, Koch Industries Inc. lifted its stake in shares of 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 valued at $1,342,000 after purchasing an additional 1,355,571 shares during the last quarter. 83.97% of the stock is owned by institutional investors.
Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 4th. Jefferies Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Monday, September 25th. Barclays lifted their price objective on shares of Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Texas Instruments in a research note on Friday, November 24th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.85.
In other news, SVP Bing Xie sold 17,500 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the transaction, the senior vice president now owns 78,102 shares in the company, valued at approximately $7,539,186.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Darla H. Whitaker sold 118,799 shares of the business’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the transaction, the vice president now owns 123,993 shares in the company, valued at approximately $11,933,086.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,362,293 shares of company stock worth $131,754,396. Insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at $98.02 on Monday. Texas Instruments Incorporated has a twelve month low of $71.19 and a twelve month high of $99.79. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. The stock has a market cap of $96,600.00, a PE ratio of 24.14, a PEG ratio of 2.34 and a beta of 1.27.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. equities research analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a dividend of $0.62 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. Texas Instruments’s payout ratio is presently 56.49%.
Texas Instruments announced that its board has authorized a share buyback plan on Thursday, September 21st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 74% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
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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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