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.
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.
TRADEMARK VIOLATION WARNING: This news story was originally posted by Community Financial News and is owned by of Community Financial News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.com-unik.info/2018/01/12/american-national-bank-takes-330000-position-in-texas-instruments-incorporated-txn.html.
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.
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.