Alyeska Investment Group L.P. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 864.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,378,461 shares of the semiconductor company’s stock after purchasing an additional 2,131,883 shares during the quarter. Texas Instruments comprises about 1.7% of Alyeska Investment Group L.P.’s holdings, making the stock its 3rd biggest position. Alyeska Investment Group L.P. owned 0.24% of Texas Instruments worth $213,205,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of TXN. Enterprise Financial Services Corp lifted its stake in shares of Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 4 shares in the last quarter. Financial Advisory Service Inc. lifted its stake in shares of Texas Instruments by 0.4% in the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after buying an additional 12 shares in the last quarter. Highland Private Wealth Management lifted its stake in shares of Texas Instruments by 0.8% in the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after buying an additional 25 shares in the last quarter. Hudock Capital Group LLC lifted its stake in shares of Texas Instruments by 1.3% in the second quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 26 shares in the last quarter. Finally, RB Capital Management LLC lifted its stake in shares of Texas Instruments by 0.6% in the second quarter. RB Capital Management LLC now owns 5,207 shares of the semiconductor company’s stock valued at $401,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 83.97% of the company’s stock.
A number of research analysts have weighed in on TXN shares. Jefferies Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Monday, September 25th. BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th. Drexel Hamilton reissued a “buy” rating and set a $110.00 price target (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Oppenheimer reissued a “buy” rating and set a $110.00 price target (up from $92.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Bank of America raised their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. Texas Instruments presently has an average rating of “Buy” and a consensus target price of $93.85.
Texas Instruments Incorporated (TXN) opened at $98.02 on Friday. The firm has a market cap of $96,368.11, a PE ratio of 24.08, a PEG ratio of 2.34 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. Texas Instruments Incorporated has a 12 month low of $71.19 and a 12 month high of $99.79.
Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. equities research analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a $0.62 dividend. This is an increase 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 dividend yield of 2.53%. Texas Instruments’s dividend payout ratio (DPR) is presently 57.94%.
Texas Instruments declared that its Board of Directors has approved a stock repurchase plan on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
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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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