First Trust Advisors LP Buys 217,585 Shares of Texas Instruments Incorporated (TXN)

First Trust Advisors LP increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 14.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,736,537 shares of the semiconductor company’s stock after buying an additional 217,585 shares during the period. Texas Instruments accounts for 0.4% of First Trust Advisors LP’s portfolio, making the stock its 28th largest holding. First Trust Advisors LP owned 0.18% of Texas Instruments worth $181,364,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Highland Private Wealth Management boosted its position in shares of Texas Instruments by 0.8% in the second quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 25 shares during the period. Carret Asset Management LLC lifted its holdings in shares of Texas Instruments by 0.7% during the second quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 43 shares during the period. C M Bidwell & Associates Ltd. lifted its holdings in shares of Texas Instruments by 0.9% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after acquiring an additional 45 shares during the period. RNC Capital Management LLC lifted its holdings in shares of Texas Instruments by 0.7% during the second quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after acquiring an additional 55 shares during the period. Finally, Westside Investment Management Inc. lifted 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 valued at $122,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.

A number of brokerages recently commented on TXN. Drexel Hamilton reiterated a “buy” rating and issued a $110.00 price objective (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Credit Suisse Group restated an “outperform” rating and set a $110.00 target price (up from $95.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Loop Capital restated a “hold” rating and set a $102.00 target price (up from $90.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and set a $98.00 target price (up from $85.00) on shares of Texas Instruments in a research report on Wednesday, October 25th. Finally, SunTrust Banks reiterated a “hold” rating and set a $96.00 price objective on shares of Texas Instruments in a report on Wednesday, October 25th. Fifteen analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $109.65.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $105.29 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 3.00 and a current ratio of 3.87. The firm has a market capitalization of $102,961.51, a P/E ratio of 29.25, a P/E/G ratio of 2.19 and a beta of 1.24. Texas Instruments Incorporated has a 1-year low of $75.92 and a 1-year high of $120.75.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.09. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. During the same period in the previous year, the firm earned $0.91 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. analysts anticipate that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Shareholders of record on Wednesday, January 31st were issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is 68.89%.

In other news, Director Mark A. Blinn sold 9,724 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the completion of the sale, the director now directly owns 10,178 shares in the company, valued at approximately $1,144,719.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 43,935 shares of the company’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $109.44, for a total value of $4,808,246.40. Following the sale, the chairman now owns 798,812 shares of the company’s stock, valued at $87,421,985.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 757,632 shares of company stock worth $83,306,399. Insiders own 0.96% of the company’s stock.

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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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