Texas Instruments Incorporated (TXN) Shares Sold by Buckingham Capital Management Inc.

Buckingham Capital Management Inc. trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 32.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,189 shares of the semiconductor company’s stock after selling 3,900 shares during the period. Buckingham Capital Management Inc.’s holdings in Texas Instruments were worth $630,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in shares of Texas Instruments in the first quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 100 shares during the last quarter. Balentine LLC increased its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 80 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in shares of Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 83.68% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at 92.38 on Wednesday. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $92.41. The company has a market cap of $91.46 billion, a P/E ratio of 23.11 and a beta of 1.24. The firm has a 50-day moving average price of $85.41 and a 200-day moving average price of $81.68.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is presently 50.51%.

Several research firms recently weighed in on TXN. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research report on Tuesday, September 26th. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research report on Monday, September 25th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.51.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/texas-instruments-incorporated-txn-shares-sold-by-buckingham-capital-management-inc.html.

In other news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found

Other hedge funds also recently bought and sold shares of the company. American Beacon Advisors Inc. bought a new position in shares of Texas Instruments in the first quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Texas Instruments by 18.4% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 100 shares during the last quarter. Balentine LLC increased its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 80 shares during the last quarter. Finally, MV Capital Management Inc. increased its position in shares of Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the last quarter. Institutional investors own 83.68% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at 92.38 on Wednesday. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $92.41. The company has a market cap of $91.46 billion, a P/E ratio of 23.11 and a beta of 1.24. The firm has a 50-day moving average price of $85.41 and a 200-day moving average price of $81.68.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

Texas Instruments declared that its Board of Directors has initiated a stock buyback plan on Thursday, September 21st that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 74% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.68%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is presently 50.51%.

Several research firms recently weighed in on TXN. Stifel Nicolaus restated a “hold” rating and issued a $85.00 price objective on shares of Texas Instruments in a research report on Wednesday, October 4th. Sanford C. Bernstein restated an “outperform” rating and issued a $95.00 price objective on shares of Texas Instruments in a research report on Tuesday, September 26th. Jefferies Group LLC restated a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research report on Monday, September 25th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $86.51.

ILLEGAL ACTIVITY WARNING: This report was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another site, it was stolen and reposted in violation of international copyright & trademark law. The original version of this report can be read at https://ledgergazette.com/2017/10/11/texas-instruments-incorporated-txn-shares-sold-by-buckingham-capital-management-inc.html.

In other news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of the business’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value of $8,632,986.36. Following the completion of the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,301 shares of company stock valued at $17,259,256. Corporate insiders own 0.96% of the company’s stock.

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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