Brightworth bought a new stake in Texas Instruments Incorporated (NASDAQ:TXN) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,602 shares of the semiconductor company’s stock, valued at approximately $323,000.

Other large investors have also recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments in the 1st quarter valued at approximately $101,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. MV Capital Management Inc. grew its holdings in shares of Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares during the last quarter. ClariVest Asset Management LLC grew its holdings in shares of Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares during the last quarter. Finally, Balentine LLC grew its holdings in shares of Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

In related news, SVP Bing Xie sold 17,500 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 78,102 shares in the company, valued at $7,539,186.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP R Gregory Delagi sold 61,250 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the transaction, the vice president now owns 189,234 shares of the company’s stock, valued at approximately $18,308,389.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,362,293 shares of company stock valued at $131,754,396. Company insiders own 0.96% of the company’s stock.

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Several brokerages recently issued reports on TXN. Mizuho reaffirmed a “hold” rating on shares of Texas Instruments in a report on Wednesday, October 25th. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price target on shares of Texas Instruments in a report on Wednesday, October 25th. Deutsche Bank AG lifted their price target on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a report on Wednesday, October 25th. Bank of America Corporation lifted their price target on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Finally, Nomura lifted their price target on shares of Texas Instruments from $80.00 to $90.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.85.

Shares of Texas Instruments Incorporated (TXN) opened at $97.03 on Tuesday. Texas Instruments Incorporated has a one year low of $69.64 and a one year high of $99.05. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The stock has a market cap of $95,540.24, a price-to-earnings ratio of 23.88, a PEG ratio of 2.33 and a beta of 1.28.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the prior year, the business posted $0.94 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a $0.62 dividend. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. Texas Instruments’s dividend payout ratio is presently 57.94%.

Texas Instruments declared that its Board of Directors has authorized a share repurchase program on Thursday, September 21st that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to buy up to 74% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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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