KBC Group NV Boosts Position in Texas Instruments Incorporated (TXN)

KBC Group NV increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 7.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 518,652 shares of the semiconductor company’s stock after purchasing an additional 35,654 shares during the period. KBC Group NV owned 0.05% of Texas Instruments worth $46,492,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BerganKDV Wealth Management LLC lifted its holdings in Texas Instruments by 53.3% in the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after acquiring an additional 4,182 shares during the last quarter. Ingalls & Snyder LLC lifted its holdings in Texas Instruments by 9.6% in the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after acquiring an additional 1,100 shares during the last quarter. PGGM Investments lifted its holdings in Texas Instruments by 102.8% in the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after acquiring an additional 484,906 shares during the last quarter. Sather Financial Group Inc bought a new position in Texas Instruments in the second quarter worth about $600,000. Finally, Legal & General Group Plc lifted its holdings in Texas Instruments by 1.5% in the second quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock worth $391,499,000 after acquiring an additional 73,740 shares during the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $96.90 on Wednesday. Texas Instruments Incorporated has a twelve month low of $70.61 and a twelve month high of $99.79. The company has a market capitalization of $95,776.77, a P/E ratio of 23.94, a P/E/G ratio of 2.32 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ 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 analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the company earned $0.94 earnings per share. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a dividend of $0.62 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, October 30th. This represents a $2.48 annualized dividend and a yield of 2.56%. Texas Instruments’s payout ratio is presently 57.94%.

Texas Instruments declared that its board has initiated a stock buyback program on Thursday, September 21st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

A number of brokerages have issued reports on TXN. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Credit Suisse Group reissued an “outperform” rating and issued a $110.00 target price (up previously from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Deutsche Bank raised their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $95.00 target price on shares of Texas Instruments in a report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $93.85.

In related news, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the sale, the director now owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Brian T. Crutcher sold 68,687 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $96.10, for a total value of $6,600,820.70. Following the sale, the chief operating officer now directly owns 346,428 shares in the company, valued at approximately $33,291,730.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by corporate insiders.

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

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