Texas Instruments Incorporated (TXN) Shares Bought by Advisor Group Inc.

Advisor Group Inc. increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,797 shares of the semiconductor company’s stock after purchasing an additional 1,984 shares during the quarter. Advisor Group Inc.’s holdings in Texas Instruments were worth $5,182,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. Enterprise Financial Services Corp lifted 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 acquiring an additional 4 shares during the last quarter. Financial Advisory Service Inc. lifted 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 acquiring an additional 12 shares during the last quarter. Highland Private Wealth Management lifted its holdings in Texas Instruments by 0.8% in the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares during the last quarter. Guardian Life Insurance Co. of America lifted 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 acquiring an additional 26 shares during the last quarter. Finally, Hudock Capital Group LLC lifted 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 acquiring an additional 26 shares during the last quarter. 85.25% of the stock is owned by institutional investors and hedge funds.

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A number of analysts have commented on TXN shares. Robert W. Baird upped their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research note 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 lowered shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays PLC upped their price objective 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 upped their price objective 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 issued a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and an average target price of $93.85.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $98.08 on Thursday. Texas Instruments Incorporated has a 12-month low of $69.92 and a 12-month high of $99.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The firm has a market capitalization of $97,757.75, a P/E ratio of 24.43, a PEG ratio of 2.38 and a beta of 1.28.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.91 billion. During the same period in the prior year, the business earned $0.94 earnings per share. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. sell-side analysts anticipate that Texas Instruments Incorporated will post 4.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.53%. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date was Monday, October 30th. Texas Instruments’s dividend payout ratio is currently 57.94%.

Texas Instruments declared that its Board of Directors has approved a stock repurchase program on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

In related news, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $96.44, for a total value of $1,638,515.60. Following the completion of the transaction, the director now directly owns 18,495 shares of the company’s stock, valued at $1,783,657.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the transaction, the chairman now directly owns 1,137,056 shares of the company’s stock, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 over the last three months. 0.96% of the stock is owned by company insiders.

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.

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

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