Ffcm LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 15.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 100,328 shares of the semiconductor company’s stock after selling 18,645 shares during the period. Texas Instruments makes up about 1.3% of Ffcm LLC’s investment portfolio, making the stock its 12th biggest position. Ffcm LLC’s holdings in Texas Instruments were worth $10,764,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Bank of The West lifted its holdings in Texas Instruments by 4.6% during the 2nd quarter. Bank of The West now owns 10,401 shares of the semiconductor company’s stock valued at $1,146,000 after purchasing an additional 453 shares during the last quarter. Buckley Wealth Management LLC lifted its holdings in Texas Instruments by 3.5% during the 2nd quarter. Buckley Wealth Management LLC now owns 13,732 shares of the semiconductor company’s stock valued at $1,514,000 after purchasing an additional 461 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in Texas Instruments by 8.9% during the 2nd quarter. D.B. Root & Company LLC now owns 5,701 shares of the semiconductor company’s stock valued at $629,000 after purchasing an additional 466 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in Texas Instruments by 7.1% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 7,372 shares of the semiconductor company’s stock valued at $813,000 after purchasing an additional 486 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in Texas Instruments by 13.7% during the 2nd quarter. Merit Financial Group LLC now owns 4,063 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 488 shares during the last quarter. 85.51% of the stock is owned by institutional investors.

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

Shares of NASDAQ:TXN opened at $96.84 on Wednesday. Texas Instruments Incorporated has a one year low of $87.90 and a one year high of $120.75. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41. The company has a market cap of $90.89 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 1.84 and a beta of 1.28.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st were given 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 was Tuesday, October 30th. This represents a $3.08 annualized dividend and a dividend yield of 3.18%. Texas Instruments’s payout ratio is currently 71.96%.

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

In related news, insider Kyle M. Flessner sold 16,088 shares of the business’s stock in a transaction that occurred on 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 filing with the SEC, which can be accessed through the SEC website. Also, Director Martin S. Craighead acquired 10,900 shares of the firm’s stock in a transaction that occurred on Thursday, October 25th. The shares were purchased at an average price of $91.70 per share, with a total value of $999,530.00. Following the acquisition, 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. 0.84% of the stock is owned by insiders.

ILLEGAL ACTIVITY WARNING: “Ffcm LLC Has $10.76 Million Stake in Texas Instruments Incorporated (TXN)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.dailypolitical.com/2018/11/21/ffcm-llc-has-10-76-million-stake-in-texas-instruments-incorporated-txn.html.

Texas Instruments 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.

Read More: What is cost of equity?

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

Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.