State of Alaska Department of Revenue lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 82.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 203,552 shares of the semiconductor company’s stock after acquiring an additional 91,790 shares during the period. State of Alaska Department of Revenue’s holdings in Texas Instruments were worth $21,257,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BerganKDV Wealth Management LLC grew its position in Texas Instruments by 53.3% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after purchasing an additional 4,182 shares during the period. Ingalls & Snyder LLC grew its position in Texas Instruments by 9.6% in the 3rd quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after purchasing an additional 1,100 shares during the period. PGGM Investments grew its position in Texas Instruments by 102.8% in the 3rd quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after purchasing an additional 484,906 shares during the period. Sather Financial Group Inc bought a new stake in Texas Instruments in the 2nd quarter worth approximately $600,000. Finally, Prudential PLC grew its position in Texas Instruments by 62.3% in the 2nd quarter. Prudential PLC now owns 26,520 shares of the semiconductor company’s stock worth $2,040,000 after purchasing an additional 10,175 shares during the period. 83.85% of the stock is owned by institutional investors.
Texas Instruments Incorporated (NASDAQ TXN) opened at $116.83 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. Texas Instruments Incorporated has a one year low of $74.16 and a one year high of $119.98. The firm has a market cap of $114,729.11, a price-to-earnings ratio of 27.30, a P/E/G ratio of 2.66 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.
A number of research firms have commented on TXN. Oppenheimer reaffirmed a “buy” rating and issued a $130.00 target price on shares of Texas Instruments in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $138.00 target price (up previously from $5.08) on shares of Texas Instruments in a research report on Friday. Stifel Nicolaus lifted their target price on shares of Texas Instruments from $98.00 to $115.00 and gave the stock a “hold” rating in a research report on Thursday. Credit Suisse Group reaffirmed an “in-line” rating and issued a $125.00 target price (up previously from $110.00) on shares of Texas Instruments in a research report on Tuesday. Finally, Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $98.66.
In other Texas Instruments news, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the sale, the chairman now directly owns 1,137,056 shares in the company, valued at approximately $109,737,274.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the completion of the sale, the insider now owns 189,234 shares in the company, valued at $18,438,960.96. The disclosure for this sale can be found here. In the last 90 days, 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 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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