Breton Hill Capital Ltd. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,928 shares of the semiconductor company’s stock after selling 2,328 shares during the quarter. Breton Hill Capital Ltd.’s holdings in Texas Instruments were worth $1,338,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. American Beacon Advisors Inc. bought a new stake in Texas Instruments during the first quarter valued at $101,000. Patriot Financial Group Insurance Agency LLC boosted its position in Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares during the last quarter. MV Capital Management Inc. boosted its position in Texas Instruments by 7.6% during the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after acquiring an additional 93 shares during the last quarter. Balentine LLC boosted its position in Texas Instruments by 6.5% during the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after acquiring an additional 80 shares during the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares during the last quarter. 85.25% of the stock is currently owned by institutional investors.

In other Texas Instruments news, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction dated Monday, October 30th. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $96.44, for a total transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last ninety days. Insiders own 0.96% of the company’s stock.

Texas Instruments Incorporated (TXN) opened at $97.74 on Monday. The company has a market cap of $96,328.69, a price-to-earnings ratio of 24.07, a P/E/G ratio of 2.35 and a beta of 1.28. Texas Instruments Incorporated has a 52-week low of $69.92 and a 52-week high of $99.05. 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. The business had revenue of $4.12 billion for 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 company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. analysts forecast that Texas Instruments Incorporated will post 4.34 earnings per share for the current year.

Texas Instruments declared that its board has authorized a stock repurchase plan on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 74% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its shares are undervalued.

The business also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.62 per share. 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 dividend on an annualized basis and a dividend yield of 2.54%. Texas Instruments’s payout ratio is presently 57.94%.

A number of analysts have commented on the stock. Royal Bank Of Canada upped their price target on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. UBS AG reaffirmed a “buy” rating and set a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Loop Capital reaffirmed a “hold” rating and set a $84.00 price target (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Bank of America Corporation upped their price objective 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, Drexel Hamilton upped their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $93.85.

TRADEMARK VIOLATION WARNING: This article was originally published by Daily Political and is the property of of Daily Political. If you are viewing this article on another publication, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this article can be read at https://www.dailypolitical.com/2017/11/20/texas-instruments-incorporated-txn-shares-sold-by-breton-hill-capital-ltd.html.

About Texas Instruments

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.