Texas Instruments Incorporated (TXN) is Baltimore Washington Financial Advisors Inc.’s 3rd Largest Position

Baltimore Washington Financial Advisors Inc. reduced its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 132,171 shares of the semiconductor company’s stock after selling 3,262 shares during the quarter. Texas Instruments makes up about 2.9% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 3rd largest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Texas Instruments were worth $13,804,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its position in Texas Instruments by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock valued at $6,256,728,000 after acquiring an additional 1,683,613 shares during the period. BlackRock Inc. increased its position in shares of Texas Instruments by 1.1% during the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock worth $5,031,257,000 after buying an additional 681,821 shares during the period. Capital International Investors increased its position in shares of Texas Instruments by 3.0% during the third quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after buying an additional 435,938 shares during the period. Janus Henderson Group PLC increased its position in shares of Texas Instruments by 16.5% during 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 buying an additional 2,055,040 shares during the period. Finally, Northern Trust Corp increased its position in shares of Texas Instruments by 0.4% during the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock worth $1,042,864,000 after buying an additional 53,846 shares during the period. Hedge funds and other institutional investors own 83.85% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) traded up $2.05 during trading on Tuesday, hitting $112.72. 4,578,100 shares of the company’s stock were exchanged, compared to its average volume of 5,043,000. Texas Instruments Incorporated has a 12-month low of $73.87 and a 12-month high of $113.00. The company has a market capitalization of $111,130.00, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

Texas Instruments declared that its board has authorized a share 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 purchase up to 74% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

In related news, VP Darla H. Whitaker sold 118,799 shares of the firm’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $96.24, for a total transaction of $11,433,215.76. Following the transaction, the vice president now directly owns 123,993 shares of the company’s stock, valued at $11,933,086.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 dated Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the transaction, the chairman now directly owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock worth $131,754,396 over the last ninety days. Insiders own 0.96% of the company’s stock.

TXN has been the subject of several recent analyst reports. Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating and set a $112.00 price objective on shares of Texas Instruments in a research report on Thursday, January 4th. Barclays increased their price objective on shares of Texas Instruments from $85.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 18th. Finally, BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $96.06.

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Texas Instruments 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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