Texas Instruments Incorporated (TXN) Holdings Decreased by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,282 shares of the semiconductor company’s stock after selling 14,563 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Texas Instruments were worth $12,127,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Enterprise Financial Services Corp lifted its position in Texas Instruments by 0.3% during the second 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 during the last quarter. Financial Advisory Service Inc. lifted its position in Texas Instruments by 0.4% during the second 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 during the last quarter. Highland Private Wealth Management lifted its position in Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after purchasing an additional 25 shares during the last quarter. Guardian Life Insurance Co. of America lifted its position in Texas Instruments by 0.7% during the first 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 during the last quarter. Finally, Hudock Capital Group LLC lifted its position in Texas Instruments by 1.3% during the second 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 during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at $97.74 on Monday. The firm has a market cap of $96,328.69, a P/E ratio of 24.07, a PEG ratio of 2.35 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. Texas Instruments Incorporated has a 1-year low of $69.92 and a 1-year high of $99.05.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.12 by $0.14. The company had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. sell-side analysts anticipate that Texas Instruments Incorporated will post 4.34 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s payout ratio is presently 57.94%.

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

In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Brian T. Crutcher sold 68,687 shares of Texas Instruments stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the sale, the chief operating officer now directly owns 346,428 shares in the company, valued at approximately $33,291,730.80. The disclosure for this sale can be found here. In the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is owned by insiders.

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TXN has been the subject of several research reports. Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays PLC increased their target price on shares of Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, Royal Bank Of Canada increased their target price on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.85.

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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