Polaris Greystone Financial Group LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,936 shares of the semiconductor company’s stock after selling 7,076 shares during the quarter. Polaris Greystone Financial Group LLC’s holdings in Texas Instruments were worth $20,378,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Advisory Inc. acquired a new stake in shares of Texas Instruments in the second quarter valued at about $282,741,000. FMR LLC grew its position in shares of Texas Instruments by 19.7% in the second quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock valued at $1,423,082,000 after purchasing an additional 2,120,260 shares during the period. Schroder Investment Management Group grew its position in shares of Texas Instruments by 39.1% in the second quarter. Schroder Investment Management Group now owns 3,278,298 shares of the semiconductor company’s stock valued at $357,662,000 after purchasing an additional 921,101 shares during the period. TD Asset Management Inc. grew its position in shares of Texas Instruments by 45.8% in the second quarter. TD Asset Management Inc. now owns 2,544,194 shares of the semiconductor company’s stock valued at $280,497,000 after purchasing an additional 798,995 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of Texas Instruments by 11,097.6% in the first quarter. Summit Trail Advisors LLC now owns 595,267 shares of the semiconductor company’s stock valued at $595,000 after purchasing an additional 589,951 shares during the period. Institutional investors own 84.20% of the company’s stock.

TXN traded down $1.53 on Friday, reaching $98.01. 333,244 shares of the company’s stock were exchanged, compared to its average volume of 6,498,518. The firm has a market capitalization of $98.72 billion, a PE ratio of 23.39, a PEG ratio of 1.94 and a beta of 1.19. Texas Instruments Incorporated has a twelve month low of $92.57 and a twelve month high of $120.75. The company has a current ratio of 6.54, a quick ratio of 5.12 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.03. Texas Instruments had a net margin of 28.08% and a return on equity of 46.80%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the business posted $1.03 earnings per share. Texas Instruments’s quarterly revenue was up 8.8% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.5 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has approved a share repurchase program on Thursday, September 20th that permits the company to buyback $12.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 11.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. This represents a $3.08 dividend on an annualized basis and a yield of 3.14%. Texas Instruments’s payout ratio is 57.94%.

In other Texas Instruments news, insider Stephen A. Anderson sold 25,318 shares of Texas Instruments stock in a transaction dated Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the transaction, the insider now directly owns 131,153 shares of the company’s stock, valued at $14,630,117.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is owned by insiders.

Several analysts have recently issued reports on TXN shares. Loop Capital started coverage on shares of Texas Instruments in a research report on Thursday, June 21st. They issued a “buy” rating and a $135.00 target price on the stock. Zacks Investment Research lowered shares of Texas Instruments from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 30th. Atlantic Securities started coverage on shares of Texas Instruments in a research report on Tuesday, July 10th. They issued an “overweight” rating and a $130.00 target price on the stock. Longbow Research upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 11th. Finally, Royal Bank of Canada lifted their target price on shares of Texas Instruments from $125.00 to $127.00 and gave the company a “$115.68” rating in a research report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $122.64.

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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