Community Bank N.A. increased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,298 shares of the semiconductor company’s stock after purchasing an additional 1,045 shares during the period. Community Bank N.A.’s holdings in Texas Instruments were worth $1,730,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Enterprise Financial Services Corp boosted its holdings in Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 4 shares in the last quarter. Financial Advisory Service Inc. boosted its holdings in Texas Instruments by 0.4% in the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 12 shares in the last quarter. TNB Financial boosted its holdings in Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 14 shares in the last quarter. Highland Private Wealth Management boosted its holdings in Texas Instruments by 0.8% in the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock worth $234,000 after purchasing an additional 25 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its holdings in Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 84.22% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.03 on Tuesday. Texas Instruments Incorporated has a 52 week low of $69.64 and a 52 week high of $99.05. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.96 and a current ratio of 3.89. The company has a market cap of $95,540.24, a P/E ratio of 23.88, a PEG ratio of 2.33 and a beta of 1.28.

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 Thomson Reuters’ 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 business had revenue of $4.12 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the prior year, the firm earned $0.94 earnings per share. Texas Instruments’s revenue was up 12.0% compared to the same quarter last year. analysts anticipate that Texas Instruments Incorporated will post 4.33 EPS for the current fiscal year.

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

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were paid a dividend of $0.62 per share. This is a boost from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Monday, October 30th. Texas Instruments’s dividend payout ratio is 57.94%.

A number of research firms have weighed in on TXN. BMO Capital Markets reissued an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. Barclays PLC cut their target price on shares of Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Citigroup Inc. boosted their target price on shares of Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Deutsche Bank AG boosted their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a research report on Wednesday, October 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Texas Instruments presently has a consensus rating of “Buy” and a consensus target price of $93.85.

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In related news, Director Mark A. Blinn sold 16,990 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total value of $1,638,515.60. Following the transaction, the director now directly owns 18,495 shares in the company, valued at $1,783,657.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the transaction, the chairman now owns 1,137,056 shares in the company, valued at $109,737,274.56. The disclosure for this sale can be found here. Insiders have sold 1,362,293 shares of company stock worth $131,754,396 over the last three months. 0.96% of the stock is owned by insiders.

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

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