Bank of Hawaii raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 14.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 34,610 shares of the semiconductor company’s stock after purchasing an additional 4,247 shares during the period. Bank of Hawaii’s holdings in Texas Instruments were worth $3,713,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Centaurus Financial Inc. purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $101,000. Baker Ellis Asset Management LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $105,000. Kwmg LLC purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $107,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new position in shares of Texas Instruments in the 3rd quarter valued at $107,000. Finally, Fort L.P. purchased a new position in shares of Texas Instruments in the 2nd quarter valued at $118,000. 85.51% of the stock is currently owned by institutional investors.

TXN stock opened at $96.13 on Thursday. Texas Instruments Incorporated has a one year low of $87.90 and a one year high of $120.75. The firm has a market capitalization of $90.89 billion, a PE ratio of 22.46, a PEG ratio of 1.84 and a beta of 1.28. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ 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 last year, the business earned $1.26 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, research analysts expect that Texas Instruments Incorporated will post 5.42 EPS for the current year.

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Wednesday, October 31st were paid a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio (DPR) is 71.96%.

In related news, insider Kyle M. Flessner sold 16,088 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin S. Craighead acquired 10,900 shares of Texas Instruments stock in a transaction that occurred on Thursday, October 25th. The stock was bought at an average price of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares of the company’s stock, valued at $1,201,270. The disclosure for this purchase can be found here. 0.84% of the stock is currently owned by company insiders.

Several brokerages have issued reports on TXN. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Jefferies Financial Group reissued a “buy” rating and set a $157.00 price objective on shares of Texas Instruments in a research report on Wednesday, July 25th. UBS Group set a $93.00 price objective on shares of Texas Instruments and gave the stock a “sell” rating in a research report on Wednesday, July 25th. B. Riley raised their price objective on shares of Texas Instruments from $115.00 to $123.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley raised their price objective on shares of Texas Instruments from $110.00 to $113.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 25th. 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. Texas Instruments currently has a consensus rating of “Hold” and a consensus target price of $117.11.

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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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