Texas Instruments Incorporated (TXN) Position Trimmed by Atlanta Capital Management Co. L L C

Atlanta Capital Management Co. L L C decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 512,249 shares of the semiconductor company’s stock after selling 20,670 shares during the quarter. Atlanta Capital Management Co. L L C owned approximately 0.05% of Texas Instruments worth $39,407,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Texas Instruments by 2.1% during the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after purchasing an additional 1,683,613 shares during the last quarter. BlackRock Inc. lifted its stake in Texas Instruments by 1.1% during the second quarter. BlackRock Inc. now owns 65,400,461 shares of the semiconductor company’s stock worth $5,031,257,000 after purchasing an additional 681,821 shares during the last quarter. State Street Corp lifted its stake in Texas Instruments by 1.4% during the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock worth $3,298,445,000 after purchasing an additional 573,645 shares during the last quarter. Northern Trust Corp lifted its stake in Texas Instruments by 0.4% during the second quarter. Northern Trust Corp now owns 13,556,007 shares of the semiconductor company’s stock worth $1,042,864,000 after purchasing an additional 53,846 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after purchasing an additional 10,928,410 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Several equities research analysts recently weighed in on the company. Credit Suisse Group restated an “outperform” rating and set a $110.00 target price (up previously from $95.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and set a $98.00 target price (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley restated a “neutral” rating and set a $89.00 target price on shares of Texas Instruments in a research note on Monday, July 31st. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $110.00 target price (up previously from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Finally, BMO Capital Markets restated a “buy” rating and set a $105.00 target price on shares of Texas Instruments in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $93.85.

In other news, insider Ellen Barker sold 15,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the sale, the insider now owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert E. Sanchez sold 26,905 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the sale, the director now directly owns 27,565 shares in the company, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. Insiders have sold a total of 147,301 shares of company stock worth $12,053,256 in the last ninety days. 0.96% of the stock is owned by company insiders.

Shares of Texas Instruments Incorporated (TXN) opened at 97.50 on Monday. The firm has a market cap of $96.53 billion, a price-to-earnings ratio of 24.39 and a beta of 1.24. The firm has a 50-day moving average price of $90.06 and a 200 day moving average price of $82.99. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $97.56.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities research analysts anticipate that Texas Instruments Incorporated will post $4.35 earnings per share for the current fiscal year.

Texas Instruments announced that its board has approved a share buyback program on Thursday, September 21st that permits the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Monday, October 30th. This represents a $2.48 annualized dividend and a yield of 2.54%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s payout ratio is presently 46.73%.

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Texas Instruments Profile

Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. As of December 31, 2016, the Company had design, manufacturing or sales operations in more than 30 countries.

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

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