Texas Instruments Incorporated (TXN) Shares Bought by 361 Capital LLC

361 Capital LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 100.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,740 shares of the semiconductor company’s stock after acquiring an additional 9,870 shares during the quarter. 361 Capital LLC’s holdings in Texas Instruments were worth $1,519,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in TXN. Laurel Wealth Advisors Inc. increased its holdings in shares of Texas Instruments by 5.3% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,496 shares of the semiconductor company’s stock worth $268,000 after purchasing an additional 176 shares during the period. Highland Private Wealth Management increased its holdings in shares of Texas Instruments by 0.8% during the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 25 shares during the period. Coldstream Capital Management Inc. increased its holdings in shares of Texas Instruments by 8.4% during the second quarter. Coldstream Capital Management Inc. now owns 26,557 shares of the semiconductor company’s stock worth $2,043,000 after purchasing an additional 2,056 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Texas Instruments by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,793,102 shares of the semiconductor company’s stock worth $137,943,000 after purchasing an additional 27,776 shares during the period. Finally, Bluefin Trading LLC bought a new position in shares of Texas Instruments during the second quarter worth approximately $208,000. 83.75% of the stock is currently owned by hedge funds and other institutional investors.

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

Texas Instruments Incorporated (NASDAQ TXN) opened at 97.50 on Monday. The company’s 50-day moving average is $90.06 and its 200-day moving average is $82.99. The company has a market cap of $96.53 billion, a P/E ratio of 24.39 and a beta of 1.24. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $97.56.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given 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 a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is presently 46.73%.

Texas Instruments announced that its Board of Directors has authorized a stock buyback plan on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to buy up to 74% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Several research analysts have recently commented on the stock. Drexel Hamilton reaffirmed a “buy” rating and set a $110.00 target price (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $110.00 target price (up from $95.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Loop Capital reaffirmed a “hold” rating and set a $102.00 target price (up from $90.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $98.00 target price (up from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $96.00 target price on shares of Texas Instruments in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $93.85.

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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