Capital International Investors lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,794,402 shares of the semiconductor company’s stock after buying an additional 435,938 shares during the quarter. Texas Instruments makes up approximately 1.6% of Capital International Investors’ portfolio, making the stock its 10th biggest holding. Capital International Investors owned approximately 1.50% of Texas Instruments worth $1,326,170,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cambria Investment Management L.P. increased its position in shares of Texas Instruments by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 27,634 shares of the semiconductor company’s stock worth $2,226,000 after purchasing an additional 337 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Texas Instruments in the first quarter worth approximately $424,000. HighTower Advisors LLC increased its position in shares of Texas Instruments by 0.9% in the first quarter. HighTower Advisors LLC now owns 265,716 shares of the semiconductor company’s stock worth $21,399,000 after purchasing an additional 2,324 shares during the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Texas Instruments in the first quarter worth approximately $210,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of Texas Instruments by 11.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 33,743 shares of the semiconductor company’s stock worth $2,718,000 after purchasing an additional 3,343 shares during the last quarter. 83.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider R Gregory Delagi sold 238,750 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the sale, the senior vice president now directly owns 78,102 shares of the company’s stock, valued at approximately $7,539,186.06. The disclosure for this sale can be found here. Insiders sold 1,362,293 shares of company stock valued at $131,754,396 in the last ninety days. 0.96% of the stock is currently owned by insiders.

A number of research analysts have commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 20th. Credit Suisse Group reiterated an “outperform” rating and set a $110.00 price target (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Deutsche Bank increased their price target on shares of Texas Instruments from $80.00 to $92.00 and gave the company a “hold” rating in a research report on Wednesday, October 25th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $95.00 price target on shares of Texas Instruments in a research report on Tuesday, September 26th. One equities 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $93.85.

Texas Instruments Incorporated (TXN) opened at $98.02 on Monday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a fifty-two week low of $71.19 and a fifty-two week high of $99.79. The stock has a market cap of $96,600.00, a P/E ratio of 24.14, a PEG ratio of 2.34 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $3.91 billion. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. research analysts forecast that Texas Instruments Incorporated will post 4.36 EPS for the current fiscal year.

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

The company also recently announced a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were issued a $0.62 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.53%. Texas Instruments’s dividend payout ratio (DPR) is currently 56.49%.

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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.

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

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