Texas Instruments Incorporated (TXN) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,791,070 shares of the semiconductor company’s stock after purchasing an additional 9,087 shares during the quarter. Dimensional Fund Advisors LP owned about 0.28% of Texas Instruments worth $250,192,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. BerganKDV Wealth Management LLC lifted its stake in shares of Texas Instruments by 53.3% in the third quarter. BerganKDV Wealth Management LLC now owns 12,034 shares of the semiconductor company’s stock valued at $1,079,000 after buying an additional 4,182 shares during the period. Ingalls & Snyder LLC lifted its stake in shares of Texas Instruments by 9.6% in the third quarter. Ingalls & Snyder LLC now owns 12,600 shares of the semiconductor company’s stock valued at $1,129,000 after buying an additional 1,100 shares during the period. PGGM Investments lifted its stake in shares of Texas Instruments by 102.8% in the third quarter. PGGM Investments now owns 956,619 shares of the semiconductor company’s stock valued at $85,751,000 after buying an additional 484,906 shares during the period. Sather Financial Group Inc bought a new stake in shares of Texas Instruments in the second quarter valued at about $600,000. Finally, Legal & General Group Plc lifted its stake in shares of Texas Instruments by 1.5% in the second quarter. Legal & General Group Plc now owns 5,089,028 shares of the semiconductor company’s stock valued at $391,499,000 after buying an additional 73,740 shares during the period. 83.97% of the stock is currently owned by institutional investors.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $98.02 on Friday. Texas Instruments Incorporated has a one year low of $71.19 and a one year high of $99.79. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. The stock has a market cap of $96,368.11, a P/E ratio of 24.08, a PEG ratio of 2.34 and a beta of 1.27.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. Texas Instruments had a net margin of 29.98% and a return on equity of 38.88%. The company had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. Texas Instruments’s quarterly revenue was up 12.0% compared to the same quarter last year. sell-side 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 authorized a share repurchase plan on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 74% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Monday, November 13th. Investors of record on Tuesday, October 31st were issued a $0.62 dividend. The ex-dividend date of this dividend was Monday, October 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.53%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio (DPR) is currently 57.94%.

In related news, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $96.51, for a total value of $43,429,500.00. Following the completion of the sale, the chairman now owns 1,137,056 shares of the company’s stock, valued at $109,737,274.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Bing Xie sold 17,500 shares of the firm’s stock in a transaction that occurred 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 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. In the last three months, insiders sold 1,362,293 shares of company stock valued at $131,754,396. 0.96% of the stock is currently owned by company insiders.

Several equities research analysts recently weighed in on TXN shares. Robert W. Baird increased their target price on shares of Texas Instruments from $85.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 2nd. Zacks Investment Research cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Barclays increased their target price on shares of Texas Instruments from $85.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 18th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $86.00 target price on shares of Texas Instruments in a research note on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $93.85.

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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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