Valmark Advisers Inc. Purchases New Position in Texas Instruments Incorporated (TXN)
Valmark Advisers Inc. purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,395 shares of the semiconductor company’s stock, valued at approximately $250,000.
Several other institutional investors have also made changes to their positions in TXN. Janus Henderson Group PLC increased its stake in shares of 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 valued at $955,996,000 after purchasing an additional 10,928,410 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of 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 valued at $213,205,000 after purchasing an additional 2,131,883 shares in the last quarter. Jennison Associates LLC increased its stake 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 valued at $909,512,000 after purchasing an additional 2,061,255 shares in the last quarter. BlackRock Inc. increased its stake 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 valued at $7,187,053,000 after purchasing an additional 1,682,070 shares in the last quarter. Finally, Koch Industries Inc. increased its stake in shares of 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 valued at $1,342,000 after purchasing an additional 1,355,571 shares in the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.
In related news, Director Mark A. Blinn sold 9,724 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $112.47, for a total value of $1,093,658.28. Following the transaction, the director now directly owns 10,178 shares in the company, valued at $1,144,719.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Haviv Ilan sold 23,831 shares of the company’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the transaction, the vice president now owns 131,153 shares in the company, valued at $14,474,045.08. The disclosure for this sale can be found here. Insiders sold 757,632 shares of company stock worth $83,306,399 over the last quarter. 0.96% of the stock is currently owned by insiders.
Texas Instruments Incorporated (TXN) opened at $105.29 on Wednesday. The firm has a market capitalization of $102,961.51, a P/E ratio of 29.25, a PEG ratio of 2.19 and a beta of 1.24. Texas Instruments Incorporated has a twelve month low of $75.92 and a twelve month high of $120.75. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. research analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is presently 68.89%.
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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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