American Century Companies Inc. Sells 126,753 Shares of Texas Instruments Incorporated (TXN)

American Century Companies Inc. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,062,438 shares of the semiconductor company’s stock after selling 126,753 shares during the period. American Century Companies Inc.’s holdings in Texas Instruments were worth $319,841,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. TLP Group LLC bought a new stake in Texas Instruments during the second quarter valued at about $246,000. Martingale Asset Management L P boosted its holdings in Texas Instruments by 2.1% during the second quarter. Martingale Asset Management L P now owns 576,916 shares of the semiconductor company’s stock valued at $44,383,000 after acquiring an additional 11,902 shares during the period. Dai Ichi Life Insurance Company Ltd boosted its holdings in Texas Instruments by 9.0% during the second quarter. Dai Ichi Life Insurance Company Ltd now owns 330,622 shares of the semiconductor company’s stock valued at $25,435,000 after acquiring an additional 27,432 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Texas Instruments by 23.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 150,708 shares of the semiconductor company’s stock valued at $11,593,000 after acquiring an additional 28,977 shares during the period. Finally, Riverhead Capital Management LLC boosted its holdings in Texas Instruments by 0.5% during the second quarter. Riverhead Capital Management LLC now owns 243,231 shares of the semiconductor company’s stock valued at $18,711,000 after acquiring an additional 1,203 shares during the period. Hedge funds and other institutional investors own 84.30% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $110.00 price target (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Deutsche Bank upped their price objective on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Drexel Hamilton reaffirmed a “buy” rating and set a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Loop Capital reaffirmed a “hold” rating and set a $102.00 price objective (up previously from $90.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, Nomura upped their price objective on shares of Texas Instruments from $80.00 to $90.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Sixteen equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and an average target price of $109.65.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $104.21 on Tuesday. Texas Instruments Incorporated has a 52-week low of $74.52 and a 52-week high of $120.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. The stock has a market cap of $102,710.00, a PE ratio of 28.95, a P/E/G ratio of 2.26 and a beta of 1.24.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.09. Texas Instruments had a net margin of 24.61% and a return on equity of 40.83%. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. During the same quarter in the prior year, the business posted $0.91 earnings per share. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. analysts expect that Texas Instruments Incorporated will post 4.97 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 12th. Investors of record on Wednesday, January 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.38%. The ex-dividend date is Tuesday, January 30th. Texas Instruments’s dividend payout ratio (DPR) is presently 68.89%.

In other news, Director Ralph W. Babb, Jr. sold 27,048 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $110.13, for a total transaction of $2,978,796.24. Following the completion of the sale, the director now owns 34,952 shares of the company’s stock, valued at $3,849,263.76. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Haviv Ilan sold 23,831 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the sale, the vice president now directly owns 131,153 shares of the company’s stock, valued at approximately $14,474,045.08. The disclosure for this sale can be found here. Insiders sold 688,552 shares of company stock valued at $76,143,729 in the last three months. Company insiders own 0.96% of the company’s stock.

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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.

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

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