Montag A & Associates Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 30.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,781 shares of the semiconductor company’s stock after buying an additional 2,723 shares during the period. Montag A & Associates Inc.’s holdings in Texas Instruments were worth $1,056,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of TXN. Westside Investment Management Inc. grew its holdings in Texas Instruments by 9.1% during the 1st quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock valued at $116,000 after purchasing an additional 121 shares during the last quarter. Stephens Inc. AR grew its holdings in Texas Instruments by 115.8% during the 1st quarter. Stephens Inc. AR now owns 22,827 shares of the semiconductor company’s stock valued at $1,839,000 after purchasing an additional 12,250 shares during the last quarter. FDO Partners LLC grew its holdings in Texas Instruments by 179.4% during the 1st quarter. FDO Partners LLC now owns 25,066 shares of the semiconductor company’s stock valued at $2,019,000 after purchasing an additional 16,094 shares during the last quarter. WINTON GROUP Ltd grew its holdings in Texas Instruments by 10.0% during the 1st quarter. WINTON GROUP Ltd now owns 221,383 shares of the semiconductor company’s stock valued at $15,537,000 after purchasing an additional 20,055 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in Texas Instruments by 1.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,482,032 shares of the semiconductor company’s stock valued at $280,511,000 after purchasing an additional 52,455 shares during the last quarter. Hedge funds and other institutional investors own 85.25% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $98.08 on Friday. The stock has a market cap of $96,663.78, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.35 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 Incorporated has a 52-week low of $69.92 and a 52-week high of $99.65.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.14. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 EPS. equities research analysts anticipate that Texas Instruments Incorporated will post 4.34 earnings per share for the current year.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st were given a $0.62 dividend. This represents a $2.48 annualized dividend and a 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 payout ratio is 57.94%.

TXN has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a report on Thursday, July 27th. B. Riley reiterated a “neutral” rating and set a $89.00 price target on shares of Texas Instruments in a report on Monday, July 31st. Robert W. Baird reiterated a “hold” rating and set a $85.00 price target on shares of Texas Instruments in a report on Thursday, August 24th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have assigned 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.

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In other news, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the sale, the senior vice president now owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock valued at $131,754,396 in the last ninety days. Corporate insiders own 0.96% of the company’s stock.

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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