Texas Instruments Incorporated (TXN) Shares Sold by KAMES CAPITAL plc

KAMES CAPITAL plc reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 5.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 27,878 shares of the semiconductor company’s stock after selling 1,744 shares during the quarter. KAMES CAPITAL plc’s holdings in Texas Instruments were worth $2,912,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Texas Instruments by 18.4% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after purchasing an additional 200 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Texas Instruments by 55.6% during the second quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 500 shares during the period. Harvest Fund Management Co. Ltd purchased a new stake in shares of Texas Instruments during the second quarter worth about $112,000. Westside Investment Management Inc. boosted its holdings in shares of Texas Instruments by 6.9% during the second quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock worth $122,000 after purchasing an additional 100 shares during the period. Finally, Zions Bancorporation boosted its holdings in shares of Texas Instruments by 915.6% during the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares during the period. 83.82% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (TXN) opened at $112.72 on Friday. The firm has a market cap of $111,090.00, a P/E ratio of 25.68, a P/E/G ratio of 2.49 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 Incorporated has a 1 year low of $73.87 and a 1 year high of $113.00.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.14. The company had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last 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.

Texas Instruments declared that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to buy up to 74% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

In related news, Director Mark A. Blinn sold 16,990 shares of Texas Instruments stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $96.44, for a total transaction of $1,638,515.60. Following the transaction, the director now owns 18,495 shares in the company, valued at approximately $1,783,657.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Bing Xie sold 17,500 shares of Texas Instruments stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the transaction, the senior vice president now owns 78,102 shares in the company, valued at approximately $7,539,186.06. The disclosure for this sale can be found here. Insiders have sold 1,362,293 shares of company stock valued at $131,754,396 in the last three months. 0.96% of the stock is owned by insiders.

A number of analysts have recently weighed in on TXN shares. Morgan Stanley increased their target price on shares of Texas Instruments from $88.00 to $92.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Robert W. Baird increased their target price on shares of Texas Instruments from $85.00 to $100.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Deutsche Bank increased their target price on shares of Texas Instruments from $80.00 to $92.00 and gave the stock a “hold” rating in a report on Wednesday, October 25th. Bank of America raised their price objective on shares of Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Finally, BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $95.51.

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About Texas Instruments

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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