Texas Instruments Incorporated (TXN) Stake Lessened by ING Groep NV

ING Groep NV lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 136,878 shares of the semiconductor company’s stock after selling 3,971 shares during the quarter. ING Groep NV’s holdings in Texas Instruments were worth $14,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Texas Instruments by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after purchasing an additional 1,683,613 shares during the period. BlackRock Inc. boosted its stake in Texas Instruments by 1.1% during the 2nd quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after purchasing an additional 681,821 shares during the period. Capital International Investors boosted its stake in Texas Instruments by 3.0% during the 3rd quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after purchasing an additional 435,938 shares during the period. Janus Henderson Group PLC boosted its stake in Texas Instruments by 16.5% during the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after purchasing an additional 2,055,040 shares during the period. Finally, Northern Trust Corp boosted its stake in Texas Instruments by 0.4% during the 2nd quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after purchasing an additional 53,846 shares during the period. Institutional investors own 84.30% of the company’s stock.

In other news, insider Haren Julie Van sold 19,125 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $105.48, for a total value of $2,017,305.00. Following the completion of the transaction, the insider now directly owns 29,578 shares of the company’s stock, valued at approximately $3,119,887.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Stephen A. Anderson sold 141,638 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $111.12, for a total value of $15,738,814.56. Following the completion of the transaction, the insider now directly owns 178,200 shares of the company’s stock, valued at $19,801,584. The disclosure for this sale can be found here. Over the last three months, insiders sold 707,677 shares of company stock valued at $78,161,034. 0.96% of the stock is currently owned by insiders.

Several brokerages recently weighed in on TXN. B. Riley restated a “neutral” rating and set a $110.00 target price (up previously from $97.00) on shares of Texas Instruments in a research note on Wednesday, January 24th. Sanford C. Bernstein set a $125.00 target price on Texas Instruments and gave the company a “buy” rating in a research note on Wednesday, January 24th. Nomura increased their target price on Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Credit Suisse Group upgraded Texas Instruments to a “buy” rating and set a $125.00 target price for the company in a research note on Wednesday. Finally, Morgan Stanley increased their target price on Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $109.65.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.66 on Friday. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $100,507.47, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. Texas Instruments Incorporated has a twelve month low of $74.52 and a twelve month high of $120.75.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.74 billion. During the same period in the prior year, the firm posted $0.91 EPS. Texas Instruments’s quarterly revenue was up 9.8% compared to the same quarter last year. equities research analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Stockholders of record on Wednesday, January 31st will be issued a $0.62 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.54%. Texas Instruments’s payout ratio is presently 68.89%.

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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