Texas Instruments Incorporated (TXN) Position Raised by CAPROCK Group Inc.

CAPROCK Group Inc. boosted its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 33.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,749 shares of the semiconductor company’s stock after purchasing an additional 4,717 shares during the quarter. CAPROCK Group Inc.’s holdings in Texas Instruments were worth $2,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Texas Instruments by 2.1% during 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 last quarter. BlackRock Inc. grew its position in Texas Instruments by 1.1% during the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock valued at $5,031,257,000 after acquiring an additional 681,821 shares during the last quarter. Capital International Investors grew its position in Texas Instruments by 3.0% during the third quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock valued at $1,326,170,000 after acquiring an additional 435,938 shares during the last quarter. Janus Henderson Group PLC grew its position in Texas Instruments by 16.5% during the third quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock valued at $1,298,212,000 after acquiring an additional 2,055,040 shares during the last quarter. Finally, Northern Trust Corp grew its position in Texas Instruments by 0.4% during the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock valued at $1,042,864,000 after acquiring an additional 53,846 shares during the last quarter. 83.85% of the stock is currently owned by institutional investors and hedge funds.

In related news, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the sale, the insider now directly owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 in the last ninety days. 0.96% of the stock is currently owned by insiders.

A number of brokerages have commented on TXN. Credit Suisse Group reiterated an “in-line” rating and set a $125.00 price target (up from $110.00) on shares of Texas Instruments in a research report on Tuesday. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday. Royal Bank of Canada reiterated a “buy” rating and set a $112.00 price target on shares of Texas Instruments in a research report on Thursday, January 4th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. Finally, Morgan Stanley increased their price target on shares of Texas Instruments from $88.00 to $92.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.06.

Texas Instruments Incorporated (TXN) opened at $119.16 on Thursday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a fifty-two week low of $73.87 and a fifty-two week high of $119.43. The stock has a market cap of $117,440.00, a P/E ratio of 27.14, a PEG ratio of 2.57 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. research analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.

Texas Instruments announced that its Board of Directors has approved a share repurchase program on Thursday, September 21st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 74% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is 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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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