MU Investments Co. Ltd. trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,100 shares of the semiconductor company’s stock after selling 7,300 shares during the period. Texas Instruments accounts for approximately 4.0% of MU Investments Co. Ltd.’s holdings, making the stock its 5th biggest position. MU Investments Co. Ltd.’s holdings in Texas Instruments were worth $5,776,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. TLP Group LLC bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $246,000. Highstreet Asset Management Inc. raised its position in shares of Texas Instruments by 50.5% during the 2nd quarter. Highstreet Asset Management Inc. now owns 22,873 shares of the semiconductor company’s stock worth $1,760,000 after buying an additional 7,675 shares in the last quarter. Ballentine Partners LLC raised its position in shares of Texas Instruments by 2.7% during the 2nd quarter. Ballentine Partners LLC now owns 13,149 shares of the semiconductor company’s stock worth $1,068,000 after buying an additional 350 shares in the last quarter. Hartland & Co. LLC raised its position in shares of Texas Instruments by 4.6% during the 2nd quarter. Hartland & Co. LLC now owns 14,157 shares of the semiconductor company’s stock worth $1,089,000 after buying an additional 622 shares in the last quarter. Finally, Beacon Investment Advisory Services Inc. bought a new stake in shares of Texas Instruments during the 2nd quarter worth about $237,000. 83.85% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Richard K. Templeton sold 190,000 shares of the business’s stock in a transaction that occurred 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 directly owns 1,137,056 shares of the company’s stock, valued at $110,157,985.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider R Gregory Delagi sold 238,750 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the transaction, the insider now directly owns 189,234 shares in the company, valued at $18,438,960.96. 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 ninety days. 0.96% of the stock is currently owned by insiders.

A number of analysts recently commented on the stock. SunTrust Banks reiterated a “hold” rating and issued a $96.00 target price on shares of Texas Instruments in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 target price (up from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. B. Riley reiterated a “hold” rating and issued a $97.00 target price (up from $89.00) on shares of Texas Instruments in a report on Wednesday, October 25th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 20th. Finally, Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 target price on the stock in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $96.06.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $112.92 on Wednesday. Texas Instruments Incorporated has a 1-year low of $73.87 and a 1-year high of $113.90. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. The stock has a market cap of $111,290.00, a P/E ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.

Texas Instruments declared that its Board of Directors has approved a share buyback 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 repurchase up to 74% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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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.

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

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