Personal Capital Advisors Corp acquired a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,964 shares of the semiconductor company’s stock, valued at approximately $318,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in TXN. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Texas Instruments during the 2nd quarter valued at about $282,741,000. FMR LLC lifted its holdings in shares of Texas Instruments by 19.7% during the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock valued at $1,423,082,000 after buying an additional 2,120,260 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Texas Instruments by 39.1% during the 2nd quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock valued at $357,662,000 after buying an additional 921,101 shares during the last quarter. TD Asset Management Inc. lifted its holdings in shares of Texas Instruments by 45.8% during the 2nd quarter. TD Asset Management Inc. now owns 2,544,194 shares of the semiconductor company’s stock valued at $280,497,000 after buying an additional 798,995 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its holdings in shares of Texas Instruments by 11,097.6% during the 1st quarter. Summit Trail Advisors LLC now owns 595,267 shares of the semiconductor company’s stock valued at $595,000 after buying an additional 589,951 shares during the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Shares of NASDAQ TXN opened at $101.09 on Friday. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $104.31 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 2.06 and a beta of 1.19. Texas Instruments Incorporated has a 12 month low of $92.57 and a 12 month high of $120.75.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.03. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.96 billion. Texas Instruments had a return on equity of 46.80% and a net margin of 28.08%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. On average, research analysts forecast that Texas Instruments Incorporated will post 5.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be given a $0.77 dividend. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 annualized dividend and a yield of 3.05%. The ex-dividend date is Tuesday, October 30th. Texas Instruments’s payout ratio is currently 57.94%.

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

TXN has been the subject of several research reports. KeyCorp initiated coverage on Texas Instruments in a report on Tuesday, September 25th. They set a “sector weight” rating for the company. BidaskClub raised Texas Instruments from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Jefferies Financial Group reissued a “buy” rating and issued a $157.00 price objective on shares of Texas Instruments in a research note on Wednesday, July 25th. Finally, Longbow Research raised Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 11th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $121.58.

In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of Texas Instruments stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $111.55, for a total value of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares of the company’s stock, valued at approximately $14,630,117.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.

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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