Commonwealth Bank of Australia lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,723 shares of the semiconductor company’s stock after purchasing an additional 9 shares during the quarter. Commonwealth Bank of Australia’s holdings in Texas Instruments were worth $7,286,000 as of its most recent SEC filing.

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

Shares of Texas Instruments Incorporated (TXN) opened at 91.35 on Friday. The firm has a market cap of $90.44 billion, a PE ratio of 22.85 and a beta of 1.24. Texas Instruments Incorporated has a 52-week low of $66.80 and a 52-week high of $91.54. The firm has a 50-day moving average of $84.73 and a 200 day moving average of $81.49.

Texas Instruments (NASDAQ:TXN) last posted 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 firm had revenue of $3.69 billion during 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 business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

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

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

A number of research analysts recently issued reports on TXN shares. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Royal Bank Of Canada raised their target price on shares of Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, July 27th. Stifel Nicolaus reiterated a “hold” rating and issued a $85.00 target price on shares of Texas Instruments in a research note on Wednesday. Finally, Barclays PLC raised their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $86.51.

In other news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction that occurred 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 owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ellen Barker sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total value of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock valued at $17,259,256 in the last three months. Company insiders own 0.96% of the company’s stock.

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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.

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

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