SevenBridge Financial Group LLC increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 96.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,770 shares of the semiconductor company’s stock after acquiring an additional 870 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Texas Instruments were worth $159,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments in the 1st quarter valued at $101,000. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Texas Instruments by 18.4% in 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. boosted its holdings in shares of Texas Instruments by 7.6% in 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 boosted its holdings in shares of Texas Instruments by 55.6% in 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 boosted its holdings in shares of Texas Instruments by 2,470.9% in 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. Hedge funds and other institutional investors own 83.97% of the company’s stock.

TXN has been the topic of a number of research analyst reports. SunTrust Banks reiterated a “hold” rating and issued a $96.00 price target on shares of Texas Instruments in a report on Wednesday, October 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $98.00 price target (up previously from $85.00) on shares of Texas Instruments in a report on Wednesday, October 25th. B. Riley reiterated a “hold” rating and issued a $97.00 price target (up previously from $89.00) on shares of Texas Instruments in a report on Wednesday, October 25th. BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price target on the stock in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $93.85.

In other news, Director Mark A. Blinn sold 16,990 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 18,495 shares of the company’s stock, valued at approximately $1,783,657.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 450,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $96.51, for a total transaction of $43,429,500.00. Following the completion of the sale, the chairman now directly owns 1,137,056 shares of the company’s stock, 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 ninety days. 0.96% of the stock is currently owned by insiders.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $97.78 on Friday. Texas Instruments Incorporated has a one year low of $71.19 and a one year high of $99.79. The stock has a market cap of $95,620.00, a price-to-earnings ratio of 23.87, a P/E/G ratio of 2.32 and a beta of 1.27. The company has a current ratio of 3.89, a quick ratio of 2.96 and a debt-to-equity ratio of 0.28.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the previous year, the firm posted $0.94 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. analysts expect 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. Investors of record on Tuesday, October 31st were paid 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 was Monday, October 30th. This represents a $2.48 annualized dividend and a yield of 2.54%. Texas Instruments’s payout ratio is 56.49%.

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

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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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