440 Investment Group LLC Sells 600 Shares of Texas Instruments Incorporated (TXN)
440 Investment Group LLC lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,610 shares of the semiconductor company’s stock after selling 600 shares during the quarter. 440 Investment Group LLC’s holdings in Texas Instruments were worth $586,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its stake in 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 worth $955,996,000 after buying an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in 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 worth $213,205,000 after buying an additional 2,131,883 shares during the last quarter. Vanguard Group Inc. boosted its stake in Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after buying an additional 1,683,613 shares during the last quarter. Koch Industries Inc. boosted its stake in 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 worth $1,342,000 after buying an additional 1,355,571 shares during the last quarter. Finally, Burgundy Asset Management Ltd. acquired a new stake in Texas Instruments in the 3rd quarter worth about $120,341,000. Hedge funds and other institutional investors own 83.85% of the company’s stock.
Several equities analysts have recently weighed in on the company. SunTrust Banks reaffirmed a “hold” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and set a $98.00 price target (up from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. B. Riley reissued a “hold” rating and set a $97.00 price target (up from $89.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 20th. Finally, Zacks Investment Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a research report on Friday, October 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $96.06.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The business had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 earnings per share. equities research analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current year.
Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In other news, SVP Bing Xie sold 17,500 shares of the business’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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total value of $1,638,515.60. Following the sale, the director now directly owns 18,495 shares in the company, valued at $1,783,657.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,362,293 shares of company stock valued at $131,754,396. Insiders own 0.96% of the company’s stock.
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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