Meyer Handelman Co. cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% during the 3rd quarter, Holdings Channel reports. The firm owned 237,803 shares of the semiconductor company’s stock after selling 6,375 shares during the period. Texas Instruments accounts for approximately 1.2% of Meyer Handelman Co.’s holdings, making the stock its 24th largest holding. Meyer Handelman Co.’s holdings in Texas Instruments were worth $25,514,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its position in shares of Texas Instruments by 3.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 23,763,599 shares of the semiconductor company’s stock worth $2,549,597,000 after buying an additional 811,931 shares during the last quarter. FMR LLC grew its position in shares of 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 last quarter. Wells Fargo & Company MN grew its position in shares of Texas Instruments by 3.1% in the 3rd quarter. Wells Fargo & Company MN now owns 7,900,221 shares of the semiconductor company’s stock worth $847,613,000 after buying an additional 235,474 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of 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 last quarter. Finally, Schroder Investment Management Group grew its position in shares of 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 last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

A number of equities research analysts have recently weighed in on TXN shares. KeyCorp started coverage on Texas Instruments in a research report on Tuesday, September 25th. They issued a “sector weight” rating on the stock. BidaskClub upgraded Texas Instruments from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 22nd. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. Goldman Sachs Group upgraded Texas Instruments from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. Finally, B. Riley lowered their target price on Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have given a buy rating to the company’s stock. Texas Instruments currently has an average rating of “Hold” and an average price target of $117.11.

In related news, Director Martin S. Craighead acquired 10,900 shares of the stock in a transaction on Thursday, October 25th. The stock was acquired at an average price of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the purchase, the director now owns 13,100 shares of the company’s stock, valued at $1,201,270. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kyle M. Flessner sold 16,088 shares of Texas Instruments stock in a transaction on Wednesday, October 31st. The shares were sold at an average price of $94.00, for a total value of $1,512,272.00. Following the transaction, the insider now owns 43,270 shares of the company’s stock, valued at approximately $4,067,380. The disclosure for this sale can be found here. 0.84% of the stock is currently owned by insiders.

Shares of NASDAQ:TXN opened at $96.10 on Friday. The firm has a market cap of $93.36 billion, a price-to-earnings ratio of 18.51, a P/E/G ratio of 1.89 and a beta of 1.28. Texas Instruments Incorporated has a 12-month low of $87.90 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.97 and a quick ratio of 3.09.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $4.26 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.26 earnings per share. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.42 EPS for the current year.

The business also recently disclosed 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. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date is Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.20%. Texas Instruments’s payout ratio is presently 71.96%.

Texas Instruments declared that its Board of Directors has initiated a share buyback plan on Thursday, September 20th that authorizes the company to buyback $12.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 11.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its shares are undervalued.

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About Texas Instruments

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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