Elkfork Partners LLC Purchases New Holdings in Texas Instruments Incorporated (TXN)

Elkfork Partners LLC purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 298,872 shares of the semiconductor company’s stock, valued at approximately $31,214,000. Texas Instruments makes up 1.1% of Elkfork Partners LLC’s investment portfolio, making the stock its 24th biggest holding.

Several other large investors have also bought and sold shares of TXN. American International Group Inc. raised its stake in shares of Texas Instruments by 1,093.2% during the 4th quarter. American International Group Inc. now owns 5,611,506 shares of the semiconductor company’s stock worth $586,066,000 after acquiring an additional 5,141,210 shares in the last quarter. Lansdowne Partners UK LLP raised its stake in shares of Texas Instruments by 16,573.7% during the 4th quarter. Lansdowne Partners UK LLP now owns 3,774,084 shares of the semiconductor company’s stock worth $394,167,000 after acquiring an additional 3,751,449 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Texas Instruments by 864.6% during the 3rd quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after acquiring an additional 2,131,883 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Texas Instruments by 31.0% during the 4th quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after acquiring an additional 2,061,255 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in Texas Instruments by 16.5% during the 3rd quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock worth $1,298,212,000 after purchasing an additional 2,055,040 shares during the last quarter. Institutional investors and hedge funds own 85.15% of the company’s stock.

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In related news, COO Brian T. Crutcher sold 267,201 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $111.08, for a total transaction of $29,680,687.08. Following the sale, the chief operating officer now directly owns 246,961 shares of the company’s stock, valued at $27,432,427.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen A. Anderson sold 141,638 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the sale, the insider now directly owns 178,200 shares in the company, valued at $19,801,584. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock worth $83,306,399 over the last ninety days. Insiders own 0.84% of the company’s stock.

Several analysts have weighed in on TXN shares. SunTrust Banks boosted their target price on shares of Texas Instruments from $96.00 to $117.00 and gave the stock a “hold” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. boosted their target price on shares of Texas Instruments from $110.00 to $122.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Wells Fargo reissued a “market perform” rating and set a $110.00 target price (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, January 24th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp reissued a “hold” rating on shares of Texas Instruments in a research report on Friday, November 24th. Fifteen investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Texas Instruments has an average rating of “Buy” and a consensus price target of $109.65.

Shares of Texas Instruments Incorporated (TXN) opened at $103.90 on Friday. The company has a market cap of $107,685.38, a price-to-earnings ratio of 28.86, a PEG ratio of 2.29 and a beta of 1.22. The company has a quick ratio of 3.00, a current ratio of 3.87 and a debt-to-equity ratio of 0.35. Texas Instruments Incorporated has a twelve month low of $75.92 and a twelve month high of $120.75.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, January 23rd. The semiconductor company reported $1.09 EPS for the quarter, meeting the consensus estimate of $1.09. The business had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.91 EPS. sell-side analysts predict that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

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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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