Texas Instruments Incorporated (TXN) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 140.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 141,196 shares of the semiconductor company’s stock after buying an additional 82,528 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Texas Instruments were worth $10,862,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TXN. Enterprise Financial Services Corp increased its holdings in Texas Instruments by 0.3% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 4 shares in the last quarter. Financial Advisory Service Inc. increased its holdings in Texas Instruments by 0.4% in the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after purchasing an additional 12 shares in the last quarter. TNB Financial increased its holdings in Texas Instruments by 0.5% in the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 14 shares in the last quarter. Guardian Life Insurance Co. of America increased its holdings in Texas Instruments by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 26 shares in the last quarter. Finally, Hudock Capital Group LLC increased its holdings in Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after purchasing an additional 26 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

Several analysts recently issued reports on TXN shares. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $83.00 price target (up from $78.00) on shares of Texas Instruments in a report on Wednesday, July 26th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $86.00 price target (up from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $85.00 price target (up from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Barclays PLC increased their price target on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average target price of $86.51.

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In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the completion of the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,301 shares of company stock worth $17,259,256. Company insiders own 0.96% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at 92.38 on Wednesday. The firm has a market cap of $91.46 billion, a price-to-earnings ratio of 23.11 and a beta of 1.24. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $92.41. The firm has a 50 day moving average of $85.41 and a 200 day moving average of $81.68.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. Equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has authorized a share buyback program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a $0.62 dividend. The ex-dividend date is Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a yield of 2.68%. Texas Instruments’s payout ratio is 50.51%.

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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