Texas Instruments Incorporated (TXN) Shares Sold by Koch Industries Inc.
Koch Industries Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 10.7% in the 4th quarter, HoldingsChannel reports. The fund owned 10,382 shares of the semiconductor company’s stock after selling 1,246 shares during the period. Koch Industries Inc.’s holdings in Texas Instruments were worth $1,084,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. raised 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 worth $7,187,053,000 after acquiring an additional 1,682,070 shares in the last quarter. Capital International Investors raised its position in shares of Texas Instruments by 3.0% in the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after acquiring an additional 435,938 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Texas Instruments by 16.5% in 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 acquiring an additional 2,055,040 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Texas Instruments by 3.4% in 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 acquiring an additional 388,827 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Texas Instruments by 31.0% in the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after acquiring an additional 2,061,255 shares in the last quarter. 84.26% of the stock is owned by hedge funds and other institutional investors.
In other news, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Brian T. Crutcher sold 267,201 shares of the business’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $111.08, for a total value of $29,680,687.08. Following the completion of the transaction, the chief operating officer now owns 246,961 shares in the company, valued at approximately $27,432,427.88. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 in the last 90 days. Company insiders own 0.96% of the company’s stock.
Texas Instruments Incorporated (NASDAQ TXN) opened at $108.22 on Monday. The stock has a market capitalization of $106,465.49, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.27 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 Incorporated has a 12 month low of $75.92 and a 12 month high of $120.75.
Texas Instruments (NASDAQ:TXN) last released its quarterly 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. The business had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS. equities research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st were paid a $0.62 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.29%. Texas Instruments’s payout ratio is presently 68.89%.
WARNING: “Texas Instruments Incorporated (TXN) Shares Sold by Koch Industries Inc.” was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/texas-instruments-incorporated-txn-shares-sold-by-koch-industries-inc/1909617.html.
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.
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.