Tredje AP fonden cut its position in Texas Instruments Incorporated (NASDAQ:TXN) by 13.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,603 shares of the semiconductor company’s stock after selling 13,707 shares during the quarter. Tredje AP fonden’s holdings in Texas Instruments were worth $8,122,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Texas Instruments by 729.1% during the second quarter. Janus Henderson Group PLC now owns 12,427,361 shares of the semiconductor company’s stock worth $955,996,000 after purchasing an additional 10,928,410 shares during the period. Vanguard Group Inc. boosted its position in Texas Instruments by 2.1% during the second quarter. Vanguard Group Inc. now owns 81,330,150 shares of the semiconductor company’s stock worth $6,256,728,000 after purchasing an additional 1,683,613 shares during the period. Waddell & Reed Financial Inc. boosted its position in 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 purchasing an additional 1,643,640 shares during the period. Koch Industries Inc. boosted its position in Texas Instruments by 36,796.2% during the second quarter. Koch Industries Inc. now owns 1,359,255 shares of the semiconductor company’s stock worth $1,342,000 after purchasing an additional 1,355,571 shares during the period. Finally, Janus Capital Management LLC boosted its position in 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 purchasing an additional 1,353,492 shares during the period. 83.97% of the stock is owned by institutional investors and hedge funds.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) opened at $97.02 on Thursday. Texas Instruments Incorporated has a twelve month low of $71.12 and a twelve month high of $99.79. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $95,620.00, a price-to-earnings ratio of 23.87, 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 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.14. The business had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. research analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date was Monday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s payout ratio is 56.49%.

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

TXN has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed 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. Robert W. Baird lifted their price objective on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank lifted their price objective 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. Finally, Bank of America lifted their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $93.85.

In related news, insider R Gregory Delagi sold 238,750 shares of the business’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $97.44, for a total value of $23,263,800.00. Following the completion of the transaction, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Richard K. Templeton sold 190,000 shares of the business’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $96.88, for a total value of $18,407,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,137,056 shares of the company’s stock, valued at approximately $110,157,985.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is owned by insiders.

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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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