Sheaff Brock Investment Advisors LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 259.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,254 shares of the semiconductor company’s stock after purchasing an additional 63,674 shares during the period. Texas Instruments makes up approximately 0.9% of Sheaff Brock Investment Advisors LLC’s investment portfolio, making the stock its 24th biggest position. Sheaff Brock Investment Advisors LLC’s holdings in Texas Instruments were worth $6,789,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in TXN. BlackRock Inc. increased its holdings in shares of Texas Instruments by 1,924.6% during the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Texas Instruments by 4.7% during the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after buying an additional 3,551,400 shares in the last quarter. Waddell & Reed Financial Inc. increased its holdings in shares of Texas Instruments by 476.4% during the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares in the last quarter. Janus Capital Management LLC increased its holdings in shares of Texas Instruments by 22.3% during the first quarter. Janus Capital Management LLC now owns 7,433,168 shares of the semiconductor company’s stock worth $598,816,000 after buying an additional 1,353,492 shares in the last quarter. Finally, FMR LLC increased its holdings in shares of Texas Instruments by 12.3% during the first quarter. FMR LLC now owns 12,172,327 shares of the semiconductor company’s stock worth $980,603,000 after buying an additional 1,328,606 shares in the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) opened at 91.14 on Friday. The company has a market cap of $90.23 billion, a PE ratio of 22.80 and a beta of 1.24. The company has a 50 day moving average of $84.41 and a 200 day moving average of $81.42. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $91.30.

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

Texas Instruments declared that its board has initiated a share repurchase 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 buy up to 74% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Monday, October 30th. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.

TXN has been the subject of several research analyst reports. Barclays PLC lowered their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. UBS AG reiterated a “buy” rating and set a $93.00 price target (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Citigroup Inc. upped their price target on shares of Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, BidaskClub downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.51.

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In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is owned by corporate insiders.

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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