Texas Instruments Incorporated (TXN) Holdings Increased by Cetera Investment Advisers

Cetera Investment Advisers grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 21.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,705 shares of the semiconductor company’s stock after purchasing an additional 1,015 shares during the period. Cetera Investment Advisers’ holdings in Texas Instruments were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. raised its position in Texas Instruments by 1,924.6% during the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after acquiring an additional 61,521,990 shares in the last quarter. Janus Henderson Group PLC raised 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 valued at $955,996,000 after acquiring an additional 10,928,410 shares in the last quarter. Vanguard Group Inc. raised its position in Texas Instruments by 4.7% during the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after acquiring an additional 3,551,400 shares in the last quarter. Waddell & Reed Financial Inc. raised 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 valued at $160,205,000 after acquiring an additional 1,643,640 shares in the last quarter. Finally, Koch Industries Inc. raised 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 valued at $1,342,000 after acquiring an additional 1,355,571 shares in the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

In other Texas Instruments news, Director Ralph W. Babb, Jr. sold 22,158 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 $2,138,468.58. Following the transaction, the director now owns 41,454 shares in the company, valued at $4,000,725.54. The sale was disclosed in a legal filing with the SEC, which is available at 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 value of $43,429,500.00. Following the transaction, the chairman now 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 1,151,577 shares of company stock worth $109,430,542 in the last 90 days. 0.96% of the stock is currently owned by company insiders.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 analyst estimates of $3.91 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The company’s quarterly revenue was up 12.0% on a year-over-year basis.

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

Texas Instruments declared that its Board of Directors has initiated 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 repurchase up to 74% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

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Several research analysts recently weighed in on TXN shares. Robert W. Baird lifted their price target on Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 2nd. Zacks Investment Research cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Barclays PLC boosted their price objective on Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 18th. Finally, Royal Bank Of Canada boosted their price objective on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $93.85.

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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