Welch & Forbes LLC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,381 shares of the semiconductor company’s stock after acquiring an additional 660 shares during the period. Welch & Forbes LLC’s holdings in Texas Instruments were worth $2,813,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. American Beacon Advisors Inc. purchased a new position in shares of Texas Instruments during the 1st quarter valued at about $101,000. Patriot Financial Group Insurance Agency LLC raised 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 buying an additional 200 shares in the last quarter. MV Capital Management Inc. raised 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 buying an additional 93 shares in the last quarter. Acrospire Investment Management LLC raised its holdings in shares of Texas Instruments by 55.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 500 shares in the last quarter. Finally, American National Bank raised its holdings in shares of Texas Instruments by 2,470.9% during the 2nd quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 1,359 shares in the last quarter. 83.97% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.02 on Thursday. The firm has a market capitalization of $95,620.00, a P/E ratio of 23.87, a PEG ratio of 2.32 and a beta of 1.27. Texas Instruments Incorporated has a 1 year low of $71.12 and a 1 year high of $99.79. 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 issued its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. equities research analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.

Texas Instruments announced that its board has authorized a stock buyback 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 stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. Texas Instruments’s payout ratio is currently 56.49%.

In related news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments 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 sale, the director now directly owns 18,495 shares in the company, valued at $1,783,657.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Richard K. Templeton sold 450,000 shares of Texas Instruments stock in a transaction that occurred on 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 sale, the chairman now owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders have sold 1,362,293 shares of company stock worth $131,754,396 over the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

Several equities analysts recently issued reports on the company. KeyCorp restated a “hold” rating on shares of Texas Instruments in a research report on Friday, November 24th. Mizuho restated a “hold” rating on shares of Texas Instruments in a research report on Wednesday, October 25th. BMO Capital Markets restated a “buy” rating and set a $105.00 price target on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank raised their price target on Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. Finally, Bank of America raised their price target on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Texas Instruments has an average rating of “Buy” and a consensus price target of $93.85.

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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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