Intl Fcstone Inc. Acquires Shares of 4,013 Texas Instruments Incorporated (TXN)

Intl Fcstone Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,013 shares of the semiconductor company’s stock, valued at approximately $309,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. raised its stake in Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after buying an additional 61,521,990 shares during the last quarter. Janus Henderson Group PLC raised its stake in 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 valued at $955,996,000 after buying an additional 10,928,410 shares during the last quarter. Vanguard Group Inc. raised its stake in Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after buying an additional 3,551,400 shares during the last quarter. Waddell & Reed Financial Inc. raised its stake in Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after buying an additional 1,643,640 shares during the last quarter. Finally, Koch Industries Inc. raised its stake in 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 valued at $1,342,000 after buying an additional 1,355,571 shares during the last quarter. 83.75% of the stock is currently owned by institutional investors.

A number of research firms have commented on TXN. BMO Capital Markets reiterated a “buy” rating and issued a $105.00 price target on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 price target (up from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $110.00 price target (up from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Robert W. Baird increased their price target on Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Finally, Deutsche Bank AG increased their price target on Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $93.85.

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In related news, insider Haviv Ilan sold 97,093 shares of Texas Instruments stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $96.85, for a total transaction of $9,403,457.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Richard K. Templeton sold 190,000 shares of Texas Instruments stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $96.88, for a total value of $18,407,200.00. Following the transaction, the chief executive officer now owns 1,137,056 shares in the company, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,151,577 shares of company stock worth $109,430,542. 0.96% of the stock is currently owned by company insiders.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.98 on Friday. The company has a market capitalization of $95,392.41, a PE ratio of 23.84, a P/E/G ratio of 2.33 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. research analysts predict that Texas Instruments Incorporated will post 4.33 EPS for the current fiscal year.

Texas Instruments declared that its Board of Directors has approved a share buyback 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 reacquire up to 74% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a dividend of $0.62 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.53%. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.

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.

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

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