Tokio Marine Asset Management Co. Ltd. lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 27.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,477 shares of the semiconductor company’s stock after selling 2,767 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Texas Instruments were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in TXN. Noesis Capital Mangement Corp acquired a new position in Texas Instruments during the first quarter worth $229,000. Shoker Investment Counsel Inc. raised its holdings in Texas Instruments by 4.3% during the first quarter. Shoker Investment Counsel Inc. now owns 9,098 shares of the semiconductor company’s stock worth $732,000 after buying an additional 377 shares during the last quarter. Bancorpsouth Inc. raised its holdings in Texas Instruments by 30.9% during the first quarter. Bancorpsouth Inc. now owns 3,880 shares of the semiconductor company’s stock worth $313,000 after buying an additional 916 shares during the last quarter. Cibc World Markets Corp raised its holdings in Texas Instruments by 551.7% during the first quarter. Cibc World Markets Corp now owns 479,437 shares of the semiconductor company’s stock worth $38,623,000 after buying an additional 405,871 shares during the last quarter. Finally, Tredje AP fonden raised its holdings in Texas Instruments by 19.5% during the first quarter. Tredje AP fonden now owns 166,180 shares of the semiconductor company’s stock worth $13,387,000 after buying an additional 27,137 shares during the last quarter. Institutional investors own 84.22% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.03 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $69.64 and a fifty-two week high of $99.05. The stock has a market cap of $95,540.24, a PE ratio of 23.88, a PEG ratio of 2.33 and a beta of 1.28. 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 announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $3.91 billion. During the same period in the prior year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. research analysts predict that Texas Instruments Incorporated will post 4.33 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were paid a $0.62 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, October 30th. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.

Texas Instruments announced that its Board of Directors has authorized a share repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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In related news, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Darla H. Whitaker sold 118,799 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 123,993 shares in the company, valued at $11,933,086.32. 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. 0.96% of the stock is currently owned by insiders.

Several research firms have weighed in on TXN. Drexel Hamilton restated a “buy” rating and set a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating and set a $110.00 price objective (up previously from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Loop Capital restated a “hold” rating and set a $102.00 price objective (up previously from $90.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and set a $98.00 price objective (up previously from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $96.00 price objective on shares of Texas Instruments in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The stock currently 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.

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

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