Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 3rd quarter, HoldingsChannel reports. The firm bought 1,000 shares of the semiconductor company’s stock, valued at approximately $107,000.

A number of other hedge funds also recently modified their holdings of TXN. FMR LLC lifted its holdings in Texas Instruments by 19.7% in the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after buying an additional 2,120,260 shares during the period. Wells Fargo & Company MN lifted its holdings in Texas Instruments by 0.6% in the 2nd quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock worth $845,038,000 after buying an additional 45,800 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Texas Instruments by 2.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock worth $675,592,000 after buying an additional 123,780 shares during the period. Schroder Investment Management Group lifted its holdings in Texas Instruments by 39.1% in the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock worth $357,662,000 after buying an additional 921,101 shares during the period. Finally, Swiss National Bank raised its position in shares of Texas Instruments by 2.9% in the 2nd quarter. Swiss National Bank now owns 3,252,894 shares of the semiconductor company’s stock worth $358,632,000 after acquiring an additional 90,700 shares in the last quarter. Institutional investors own 84.02% of the company’s stock.

TXN stock opened at $101.09 on Friday. Texas Instruments Incorporated has a twelve month low of $92.57 and a twelve month high of $120.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12. The company has a market cap of $104.31 billion, a P/E ratio of 23.62, a P/E/G ratio of 2.06 and a beta of 1.19.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.03. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. Equities research analysts forecast that Texas Instruments Incorporated will post 5.49 earnings per share for the current fiscal year.

Texas Instruments announced that its Board of Directors has approved a stock repurchase plan on Thursday, September 20th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 11.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Wednesday, October 31st will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date of this dividend is Tuesday, October 30th. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

In related news, insider Stephen A. Anderson sold 25,318 shares of the firm’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the completion of the transaction, the insider now owns 131,153 shares of the company’s stock, valued at approximately $14,630,117.15. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.84% of the stock is owned by company insiders.

Several brokerages have recently issued reports on TXN. Royal Bank of Canada increased their target price on Texas Instruments from $125.00 to $127.00 and gave the stock a “$115.68” rating in a research report on Wednesday, July 18th. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research report on Thursday, July 19th. BidaskClub raised Texas Instruments from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. B. Riley increased their target price on Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley increased their target price on Texas Instruments from $110.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and fifteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $121.58.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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