Victory Capital Management Inc. grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,108 shares of the semiconductor company’s stock after purchasing an additional 2,953 shares during the quarter. Victory Capital Management Inc.’s holdings in Texas Instruments were worth $5,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in Texas Instruments by 3.5% during 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 acquiring an additional 811,931 shares in the last quarter. FMR LLC grew its position in Texas Instruments by 19.7% during the 2nd quarter. FMR LLC now owns 12,907,773 shares of the semiconductor company’s stock worth $1,423,082,000 after purchasing an additional 2,120,260 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Texas Instruments by 0.6% in the second quarter. Wells Fargo & Company MN now owns 7,664,747 shares of the semiconductor company’s stock valued at $845,038,000 after acquiring an additional 45,800 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Texas Instruments by 2.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 6,127,814 shares of the semiconductor company’s stock valued at $675,592,000 after acquiring an additional 123,780 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings 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 acquiring an additional 921,101 shares in the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

TXN stock opened at $94.62 on Tuesday. The stock has a market cap of $93.99 billion, a P/E ratio of 22.11, a P/E/G ratio of 1.90 and a beta of 1.28. Texas Instruments Incorporated has a 52 week low of $87.90 and a 52 week high of $120.75. The company has a current ratio of 3.97, a quick ratio of 3.09 and a debt-to-equity ratio of 0.41.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.53 by $0.05. The firm had revenue of $4.26 billion for the quarter, compared to the consensus estimate of $4.30 billion. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post 5.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Investors of record on Wednesday, October 31st were issued a dividend of $0.77 per share. The ex-dividend date was Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a yield of 3.26%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s payout ratio is currently 71.96%.

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

Several brokerages have recently weighed in on TXN. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, October 25th. UBS Group lowered their target price on shares of Texas Instruments from $93.00 to $90.00 and set a “sell” rating on the stock in a report on Wednesday, October 24th. Macquarie set a $100.00 target price on shares of Texas Instruments and gave the company a “hold” rating in a report on Wednesday, October 24th. Nomura lowered their target price on shares of Texas Instruments from $115.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, October 24th. Finally, Royal Bank of Canada lowered their target price on shares of Texas Instruments to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, October 24th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $117.11.

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

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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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