American National Bank Takes $330,000 Position in Texas Instruments Incorporated (TXN)

American National Bank purchased a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, HoldingsChannel reports. The fund purchased 3,160 shares of the semiconductor company’s stock, valued at approximately $330,000.

Other institutional investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake 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 valued at $955,996,000 after acquiring an additional 10,928,410 shares during the period. Alyeska Investment Group L.P. raised its stake 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 valued at $213,205,000 after acquiring an additional 2,131,883 shares during the period. Vanguard Group Inc. raised its stake 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 valued at $6,256,728,000 after acquiring an additional 1,683,613 shares during the period. Koch Industries Inc. raised its stake 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 valued at $1,342,000 after acquiring an additional 1,355,571 shares during the period. Finally, Burgundy Asset Management Ltd. purchased a new stake in shares of Texas Instruments in the third quarter valued at $120,341,000. 83.82% of the stock is currently owned by institutional investors.

In other news, COO Brian T. Crutcher sold 68,687 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darla H. Whitaker sold 118,799 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the completion of the sale, the vice president now owns 123,993 shares in the company, valued at $11,933,086.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by company insiders.

Several research analysts recently commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $95.00 price target on shares of Texas Instruments in a research note on Tuesday, September 26th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research note on Wednesday, October 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $112.00 price target on shares of Texas Instruments in a research note on Thursday, January 4th. Jefferies Group reaffirmed a “buy” rating and issued a $96.00 price target on shares of Texas Instruments in a research note on Monday, September 25th. Finally, Barclays raised their price target on shares of Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $95.51.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $110.67 on Friday. 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 Incorporated has a 1-year low of $73.87 and a 1-year high of $110.98. The stock has a market cap of $109,070.00, a PE ratio of 25.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the business earned $0.94 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.

Texas Instruments announced that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

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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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