MUFG Americas Holdings Corp trimmed its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,220 shares of the semiconductor company’s stock after selling 899 shares during the period. MUFG Americas Holdings Corp’s holdings in Texas Instruments were worth $5,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. American Beacon Advisors Inc. bought a new position in shares of Texas Instruments during the 1st quarter valued at approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Texas Instruments by 18.4% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 200 shares during the last quarter. MV Capital Management Inc. increased its position in shares of Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares during the last quarter. Acrospire Investment Management LLC increased its position in shares of Texas Instruments by 55.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 500 shares during the last quarter. Finally, American National Bank increased its position in shares of Texas Instruments by 2,470.9% during the 2nd quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 1,359 shares during the last quarter. 83.97% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Incorporated (TXN) opened at $96.90 on Wednesday. Texas Instruments Incorporated has a 12-month low of $70.61 and a 12-month high of $99.79. 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 stock has a market capitalization of $95,776.77, a price-to-earnings ratio of 23.94, a PEG ratio of 2.32 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the company earned $0.94 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. research analysts forecast that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

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

Texas Instruments announced that its Board of Directors has authorized a share repurchase program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

TXN has been the topic of several analyst reports. Robert W. Baird reissued a “hold” rating and set a $85.00 target price on shares of Texas Instruments in a research report on Thursday, August 24th. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. Jefferies Group reaffirmed a “buy” rating and issued a $96.00 price objective on shares of Texas Instruments in a research report on Monday, September 25th. Finally, 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. 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 issued a strong buy rating to the stock. Texas Instruments presently has a consensus rating of “Buy” and an average price target of $93.85.

In other news, insider R Gregory Delagi sold 238,750 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Richard K. Templeton sold 450,000 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.51, for a total value of $43,429,500.00. Following the transaction, the chairman now directly owns 1,137,056 shares in the company, valued at approximately $109,737,274.56. The disclosure for this sale can be found here. Insiders have sold a total of 1,362,293 shares of company stock worth $131,754,396 in the last three months. Corporate 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.

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

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