Ontario Teachers Pension Plan Board Has $14.46 Million Stake in Texas Instruments Incorporated (TXN)
Ontario Teachers Pension Plan Board grew its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 9.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 138,401 shares of the semiconductor company’s stock after acquiring an additional 11,385 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Texas Instruments were worth $14,455,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the company. Synovus Financial Corp boosted its holdings in shares of Texas Instruments by 6.5% in the 4th quarter. Synovus Financial Corp now owns 45,632 shares of the semiconductor company’s stock worth $4,757,000 after acquiring an additional 2,780 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Texas Instruments by 1,093.2% in the 4th quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after acquiring an additional 5,141,210 shares in the last quarter. Valmark Advisers Inc. acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $250,000. Wedbush Securities Inc. boosted its holdings in shares of Texas Instruments by 13.6% in the 4th quarter. Wedbush Securities Inc. now owns 10,570 shares of the semiconductor company’s stock worth $1,104,000 after acquiring an additional 1,266 shares in the last quarter. Finally, Trustcore Financial Services LLC acquired a new position in shares of Texas Instruments in the 4th quarter worth approximately $600,000. Institutional investors own 83.89% of the company’s stock.
Texas Instruments Incorporated (TXN) opened at $105.29 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. The firm has a market capitalization of $102,961.51, a price-to-earnings ratio of 24.47, a PEG ratio of 2.19 and a beta of 1.24. Texas Instruments Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75.
The company also recently disclosed 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 dividend yield of 2.36%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 68.89%.
In related news, COO Brian T. Crutcher sold 267,201 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $111.08, for a total value of $29,680,687.08. Following the completion of the sale, the chief operating officer now owns 246,961 shares in the company, valued at approximately $27,432,427.88. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kevin J. Ritchie sold 49,955 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total transaction of $5,145,365.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.96% of the stock is owned by corporate insiders.
Several research analysts have recently commented on TXN shares. Robert W. Baird boosted their target price on Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $127.00 price objective (up previously from $112.00) on shares of Texas Instruments in a report on Monday, January 22nd. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Credit Suisse Group reaffirmed an “in-line” rating and set a $125.00 price objective (up previously from $110.00) on shares of Texas Instruments in a report on Tuesday, January 16th. Finally, BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Texas Instruments currently has an average rating of “Buy” and an average target price of $109.65.
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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