Texas Instruments Incorporated (TXN) Stake Raised by IFM Investors Pty Ltd
IFM Investors Pty Ltd increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,980 shares of the semiconductor company’s stock after acquiring an additional 590 shares during the quarter. IFM Investors Pty Ltd’s holdings in Texas Instruments were worth $2,508,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. BerganKDV Wealth Management LLC increased its stake in Texas Instruments by 53.3% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock valued at $1,079,000 after buying an additional 4,182 shares during the period. Ingalls & Snyder LLC increased its stake in Texas Instruments by 9.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock valued at $1,129,000 after buying an additional 1,100 shares during the period. PGGM Investments increased its stake in Texas Instruments by 102.8% in the 3rd quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock valued at $85,751,000 after buying an additional 484,906 shares during the period. Sather Financial Group Inc acquired a new position in Texas Instruments in the 2nd quarter valued at approximately $600,000. Finally, Legal & General Group Plc increased its stake in Texas Instruments by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock valued at $391,499,000 after buying an additional 73,740 shares during the period. Institutional investors and hedge funds own 83.97% of the company’s stock.
Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $98.43 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The stock has a market cap of $96,604.64, a price-to-earnings ratio of 24.14, a P/E/G ratio of 2.34 and a beta of 1.27. Texas Instruments Incorporated has a 1-year low of $71.77 and a 1-year high of $99.79.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Investors 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. This represents a $2.48 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Monday, October 30th. Texas Instruments’s dividend payout ratio is currently 57.94%.
Texas Instruments announced that its board has initiated a stock buyback program on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Several research analysts have weighed in on TXN shares. Robert W. Baird reiterated a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research note on Thursday, August 24th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. Jefferies Group reiterated a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Monday, September 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $93.85.
In related news, Chairman Richard K. Templeton sold 450,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the sale, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the sale, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is owned by 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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