Parametric Portfolio Associates LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,744,481 shares of the semiconductor company’s stock after buying an additional 132,195 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.38% of Texas Instruments worth $335,655,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of 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 period. BlackRock Inc. boosted its holdings in shares of 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 period. Capital International Investors boosted its holdings in shares of Texas Instruments by 3.0% during the third quarter. Capital International Investors now owns 14,794,402 shares of the semiconductor company’s stock worth $1,326,170,000 after purchasing an additional 435,938 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Texas Instruments by 16.5% during the third quarter. Janus Henderson Group PLC now owns 14,482,401 shares of the semiconductor company’s stock worth $1,298,212,000 after purchasing an additional 2,055,040 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of 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 period. Institutional investors own 83.97% of the company’s stock.
In other news, insider R Gregory Delagi sold 238,750 shares of Texas Instruments stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $97.44, for a total value of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Cynthia Hoff Trochu sold 31,112 shares of the business’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $96.27, for a total transaction of $2,995,152.24. Following the transaction, the senior vice president now directly owns 74,029 shares in the company, valued at approximately $7,126,771.83. The disclosure for this sale can be found here. In the last three months, insiders sold 1,362,293 shares of company stock worth $131,754,396. Insiders own 0.96% of the company’s stock.
Several analysts recently commented on TXN shares. BMO Capital Markets restated an “outperform” rating on shares of Texas Instruments in a report on Tuesday, September 12th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 2nd. Robert W. Baird raised their price target on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank raised their price target on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Bank of America raised their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $94.16.
Texas Instruments Incorporated (NASDAQ TXN) opened at $100.25 on Friday. Texas Instruments Incorporated has a 52-week low of $72.45 and a 52-week high of $100.54. The company has a market cap of $97,432.52, a P/E ratio of 24.35, a PEG ratio of 2.36 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 released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS 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 company had revenue of $4.12 billion for the quarter, compared to analyst estimates of $3.91 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current year.
Texas Instruments declared that its Board of Directors has initiated a share buyback 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 buy up to 74% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.
Texas Instruments Company 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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