Greenleaf Trust Has $755,000 Holdings in Texas Instruments Incorporated (TXN)

Greenleaf Trust raised its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,229 shares of the semiconductor company’s stock after purchasing an additional 589 shares during the period. Greenleaf Trust’s holdings in Texas Instruments were worth $755,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TXN. Capital International Investors boosted its holdings in Texas Instruments by 3.0% in the third quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after purchasing an additional 435,938 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Texas Instruments by 16.5% in the third 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. Jennison Associates LLC boosted its holdings in Texas Instruments by 31.0% in the fourth quarter. Jennison Associates LLC now owns 8,708,463 shares of the semiconductor company’s stock worth $909,512,000 after purchasing an additional 2,061,255 shares during the last quarter. Legal & General Group Plc boosted its holdings in Texas Instruments by 1.6% in the third quarter. Legal & General Group Plc now owns 5,172,444 shares of the semiconductor company’s stock worth $463,650,000 after purchasing an additional 83,416 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in Texas Instruments by 4.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 5,131,931 shares of the semiconductor company’s stock worth $535,979,000 after purchasing an additional 216,334 shares during the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

Texas Instruments Incorporated (NASDAQ TXN) opened at $102.68 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. Texas Instruments Incorporated has a one year low of $74.93 and a one year high of $120.75. The firm has a market cap of $99,521.91, a price-to-earnings ratio of 23.65, a P/E/G ratio of 2.12 and a beta of 1.24.

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

The business also recently declared a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were issued a $0.62 dividend. The ex-dividend date was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.42%. Texas Instruments’s dividend payout ratio is currently 68.89%.

Several equities research analysts recently issued reports on the stock. Bank of America raised their target price on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. B. Riley restated a “neutral” rating and issued a $110.00 target price (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Oppenheimer restated a “buy” rating and issued a $110.00 target price (up previously from $92.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Mizuho restated a “buy” rating and issued a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Finally, Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Fifteen analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $109.65.

In other Texas Instruments news, insider Bing Xie sold 15,877 shares of Texas Instruments stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.21, for a total value of $1,733,927.17. Following the sale, the insider now directly owns 63,048 shares in the company, valued at approximately $6,885,472.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Haren Julie Van sold 19,125 shares of Texas Instruments stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $105.48, for a total transaction of $2,017,305.00. Following the completion of the sale, the insider now owns 29,578 shares in the company, valued at $3,119,887.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 707,677 shares of company stock worth $78,161,034. 0.96% of the stock is currently owned by insiders.

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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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