King Luther Capital Management Corp decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,252 shares of the semiconductor company’s stock after selling 107 shares during the quarter. King Luther Capital Management Corp’s holdings in Texas Instruments were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in TXN. Enterprise Financial Services Corp grew its position in Texas Instruments by 0.3% in the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 4 shares during the last quarter. Financial Advisory Service Inc. grew its position in Texas Instruments by 0.4% in the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock valued at $244,000 after acquiring an additional 12 shares during the last quarter. TNB Financial grew its position in Texas Instruments by 0.5% in the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock valued at $221,000 after acquiring an additional 14 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in Texas Instruments by 0.7% in the 1st quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 26 shares during the last quarter. Finally, Hudock Capital Group LLC grew its position in Texas Instruments by 1.3% in the 2nd quarter. Hudock Capital Group LLC now owns 2,003 shares of the semiconductor company’s stock valued at $154,000 after acquiring an additional 26 shares during the last quarter. 83.68% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. Stifel Nicolaus reaffirmed 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 reaffirmed 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 reaffirmed 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 report on Wednesday, September 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.51.

WARNING: This piece was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/10/12/king-luther-capital-management-corp-trims-holdings-in-texas-instruments-incorporated-txn.html.

Texas Instruments Incorporated (NASDAQ:TXN) opened at 92.87 on Thursday. The stock has a market cap of $91.94 billion, a P/E ratio of 23.23 and a beta of 1.24. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $92.92. The company’s 50-day moving average price is $85.76 and its 200-day moving average price is $81.76.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter in the prior year, the company earned $0.76 EPS. Texas Instruments’s revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be paid a $0.62 dividend. The ex-dividend date is Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.67%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is presently 50.51%.

In other Texas Instruments news, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the transaction, the insider now owns 252,257 shares of the company’s stock, valued at approximately $20,662,370.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ellen Barker sold 15,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $81.87, for a total value of $1,228,050.00. Following the transaction, the insider now directly owns 45,697 shares in the company, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is owned by corporate insiders.

About Texas Instruments

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

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

Receive News & Stock Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related stocks with our FREE daily email newsletter.