Pennsylvania Trust Co decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,405 shares of the semiconductor company’s stock after selling 4,165 shares during the period. Pennsylvania Trust Co’s holdings in Texas Instruments were worth $10,068,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TXN. Janus Henderson Group PLC raised its holdings in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after purchasing an additional 10,928,410 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Texas Instruments by 864.6% during the third quarter. Alyeska Investment Group L.P. now owns 2,378,461 shares of the semiconductor company’s stock worth $213,205,000 after purchasing an additional 2,131,883 shares in the last quarter. Vanguard Group Inc. raised its holdings in Texas Instruments by 2.1% during the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after purchasing an additional 1,683,613 shares in the last quarter. Koch Industries Inc. raised its holdings in Texas Instruments by 36,796.2% during the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after purchasing an additional 1,355,571 shares in the last quarter. Finally, Burgundy Asset Management Ltd. bought a new stake in Texas Instruments during the third quarter worth approximately $120,341,000. 83.85% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Incorporated (NASDAQ TXN) opened at $112.72 on Tuesday. Texas Instruments Incorporated has a 52-week low of $73.87 and a 52-week high of $113.00. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The firm has a market cap of $111,092.38, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the 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 analysts’ expectations of $3.91 billion. During the same period in the previous year, the company posted $0.94 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. equities 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 stock repurchase plan on Thursday, September 21st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

In other news, VP Darla H. Whitaker sold 118,799 shares of the business’s stock in a transaction 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 transaction, the vice president now directly owns 123,993 shares in the company, valued at approximately $11,933,086.32. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Richard K. Templeton sold 190,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $96.88, for a total transaction of $18,407,200.00. Following the transaction, the chief executive officer now owns 1,137,056 shares in the company, valued at $110,157,985.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,362,293 shares of company stock worth $131,754,396. Corporate insiders own 0.96% of the company’s stock.

Several equities research analysts recently commented on TXN shares. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Jefferies Group reissued a “buy” rating and set a $96.00 target price on shares of Texas Instruments in a report on Monday, September 25th. Sanford C. Bernstein reissued an “outperform” rating and set a $95.00 target price on shares of Texas Instruments in a report on Tuesday, September 26th. Stifel Nicolaus reissued a “hold” rating and set a $85.00 target price on shares of Texas Instruments in a report on Wednesday, October 4th. Finally, SunTrust Banks reissued a “hold” rating and set a $86.00 target price on shares of Texas Instruments in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and an average target price of $95.51.

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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.

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

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