Texas Instruments Incorporated (TXN) Stake Raised by Atria Investments LLC
Atria Investments LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,171 shares of the semiconductor company’s stock after acquiring an additional 1,674 shares during the quarter. Atria Investments LLC’s holdings in Texas Instruments were worth $2,524,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in shares of Texas Instruments by 729.1% in the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after purchasing an additional 10,928,410 shares during the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of Texas Instruments by 864.6% in the third quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after purchasing an additional 2,131,883 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Texas Instruments by 2.1% in the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after purchasing an additional 1,683,613 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of Texas Instruments by 36,796.2% in the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after purchasing an additional 1,355,571 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new position in shares of Texas Instruments in the third quarter worth about $120,341,000. 83.85% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on TXN shares. Stifel Nicolaus increased their target price on shares of Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a report on Thursday. Credit Suisse Group reiterated an “in-line” rating and set a $125.00 target price (up from $110.00) on shares of Texas Instruments in a report on Tuesday. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday. Royal Bank of Canada reiterated a “buy” rating and set a $112.00 target price on shares of Texas Instruments in a report on Thursday, January 4th. Finally, BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Hold” and a consensus price target of $96.69.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS 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 net margin of 29.98% and a return on equity of 38.88%. The company’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. equities research analysts predict that Texas Instruments Incorporated will post 4.36 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.13%. Texas Instruments’s payout ratio is 56.49%.
Texas Instruments declared that its Board of Directors has approved a stock buyback plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
In related news, Chairman Richard K. Templeton sold 450,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the transaction, the director now directly owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,362,293 shares of company stock valued at $131,754,396. Insiders own 0.96% of the company’s stock.
About Texas Instruments
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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