Gofen & Glossberg LLC IL lifted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,824 shares of the semiconductor company’s stock after buying an additional 1,642 shares during the period. Gofen & Glossberg LLC IL’s holdings in Texas Instruments were worth $701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in TXN. BerganKDV Wealth Management LLC boosted its position in shares of Texas Instruments by 53.3% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock worth $1,079,000 after purchasing an additional 4,182 shares during the period. Ingalls & Snyder LLC boosted its position in shares of Texas Instruments by 9.6% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock worth $1,129,000 after purchasing an additional 1,100 shares during the period. PGGM Investments boosted its position in shares of Texas Instruments by 102.8% during the 3rd quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock worth $85,751,000 after purchasing an additional 484,906 shares during the period. Sather Financial Group Inc purchased a new position in shares of Texas Instruments during the 2nd quarter worth approximately $600,000. Finally, Legal & General Group Plc boosted its position in shares of Texas Instruments by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock worth $391,499,000 after purchasing an additional 73,740 shares during the period. Institutional investors and hedge funds own 83.97% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) opened at $100.25 on Friday. The stock has a market cap of $97,432.52, a price-to-earnings ratio of 24.35, a PEG ratio of 2.36 and a beta of 1.27. Texas Instruments Incorporated has a 1 year low of $72.45 and a 1 year high of $100.54. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 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 for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $0.94 EPS. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.

Texas Instruments declared that its board has approved a share repurchase plan on Thursday, September 21st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Several brokerages have commented on TXN. Robert W. Baird reissued a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research report on Thursday, August 24th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. Jefferies Group reissued a “buy” rating and issued a $96.00 price target on shares of Texas Instruments in a research report on Monday, September 25th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $95.00 price target on shares of Texas Instruments in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Texas Instruments has an average rating of “Buy” and a consensus price target of $94.16.

In related news, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction on 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 sale, the senior vice president now directly owns 78,102 shares in the company, valued at approximately $7,539,186.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian T. Crutcher sold 68,687 shares of Texas Instruments stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.10, for a total transaction of $6,600,820.70. Following the sale, the chief operating officer now owns 346,428 shares in the company, valued at $33,291,730.80. 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 over the last quarter. 0.96% of the stock is owned by company insiders.

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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.

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

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