Texas Instruments Incorporated (TXN) Shares Bought by Asset Dedication LLC

Asset Dedication LLC boosted its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 50.4% in the 4th quarter, Holdings Channel reports. The firm owned 6,565 shares of the semiconductor company’s stock after buying an additional 2,199 shares during the quarter. Asset Dedication LLC’s holdings in Texas Instruments were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

In other Texas Instruments news, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction dated 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 sale, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP R Gregory Delagi sold 61,250 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $96.75, for a total transaction of $5,925,937.50. Following the sale, the vice president now directly owns 189,234 shares in the company, valued at approximately $18,308,389.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,362,293 shares of company stock worth $131,754,396. 0.96% of the stock is owned by insiders.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $112.92 on Wednesday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a fifty-two week low of $73.87 and a fifty-two week high of $113.90. The firm has a market cap of $111,290.00, a PE ratio of 25.72, a PEG ratio of 2.57 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ 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 quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. research analysts expect that Texas Instruments Incorporated will post 4.36 earnings per share for the current year.

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

A number of brokerages have recently issued reports on TXN. Bank of America increased their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. SunTrust Banks restated a “hold” rating and issued a $86.00 price objective on shares of Texas Instruments in a research note on Thursday, October 12th. Oppenheimer restated a “buy” rating and issued a $110.00 price objective (up previously from $92.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Robert W. Baird increased their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and a consensus price target of $96.06.

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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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