Heathbridge Capital Management Ltd. Has $30.76 Million Holdings in Texas Instruments Incorporated (TXN)

Heathbridge Capital Management Ltd. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 17.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 294,550 shares of the semiconductor company’s stock after selling 60,450 shares during the period. Texas Instruments makes up approximately 6.0% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 6th largest position. Heathbridge Capital Management Ltd.’s holdings in Texas Instruments were worth $30,763,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Patriot Financial Group Insurance Agency LLC raised its holdings in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 200 shares during the last quarter. Acrospire Investment Management LLC raised its holdings in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 500 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new stake in Texas Instruments in the 2nd quarter valued at about $112,000. Westside Investment Management Inc. grew its stake in shares of Texas Instruments by 6.9% in the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 100 shares during the period. Finally, Zions Bancorporation grew its stake in shares of Texas Instruments by 915.6% in the 3rd quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock valued at $140,000 after buying an additional 1,410 shares during the period. Institutional investors own 83.85% of the company’s stock.

In other news, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the sale, the chairman now directly owns 1,137,056 shares in the company, valued at approximately $109,737,274.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark A. Blinn sold 16,990 shares of the firm’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the completion of the sale, the director now owns 18,495 shares in the company, valued at $1,783,657.80. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock worth $131,754,396 over the last 90 days. Company insiders own 0.96% of the company’s stock.

TXN has been the subject of several analyst reports. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Jefferies Group reissued a “buy” rating and issued a $96.00 price target on shares of Texas Instruments in a research note on Monday, September 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $95.00 price target on shares of Texas Instruments in a research note on Tuesday, September 26th. Stifel Nicolaus reissued a “hold” rating and issued a $85.00 price target on shares of Texas Instruments in a research note on Wednesday, October 4th. Finally, SunTrust Banks reissued a “hold” rating and issued a $86.00 price target on shares of Texas Instruments in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Texas Instruments has an average rating of “Hold” and a consensus price target of $96.06.

Shares of Texas Instruments Incorporated (TXN) traded up $2.05 on Tuesday, hitting $112.72. 4,578,100 shares of the stock were exchanged, compared to its average volume of 5,043,000. Texas Instruments Incorporated has a fifty-two week low of $73.87 and a fifty-two week high of $113.00. The firm has a market cap of $111,130.00, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The business had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the business earned $0.94 EPS. The company’s revenue was up 12.0% on a year-over-year basis. equities research analysts expect that Texas Instruments Incorporated will post 4.36 EPS for the current year.

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

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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.

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

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