Texas Instruments Incorporated (TXN) Stake Raised by Bruderman Asset Management LLC

Bruderman Asset Management LLC lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 23.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,605 shares of the semiconductor company’s stock after buying an additional 3,888 shares during the quarter. Bruderman Asset Management LLC’s holdings in Texas Instruments were worth $1,847,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of TXN. American Beacon Advisors Inc. bought a new position in Texas Instruments in the first quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC grew its stake in Texas Instruments by 18.4% in 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 in the last quarter. MV Capital Management Inc. grew its stake in Texas Instruments by 7.6% in the second quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares in the last quarter. Acrospire Investment Management LLC grew its stake in Texas Instruments by 55.6% in 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 in the last quarter. Finally, American National Bank grew its stake in Texas Instruments by 2,470.9% in the second quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.

TXN has been the topic of several research analyst reports. SunTrust Banks reissued a “hold” rating and issued a $96.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 25th. Stifel Nicolaus reissued a “hold” rating and issued a $98.00 price objective (up previously from $85.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. B. Riley reissued a “hold” rating and issued a $97.00 price objective (up previously from $89.00) on shares of Texas Instruments in a research note on Wednesday, October 25th. BidaskClub cut Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised Texas Instruments from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective on the stock in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, thirteen have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $93.85.

Shares of Texas Instruments Incorporated (TXN) opened at $97.02 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.89 and a quick ratio of 2.96. The firm has a market capitalization of $95,620.00, a price-to-earnings ratio of 23.87, a PEG ratio of 2.32 and a beta of 1.27. Texas Instruments Incorporated has a 52-week low of $71.12 and a 52-week high of $99.79.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.14. The firm had revenue of $4.12 billion during the quarter, compared to analysts’ expectations of $3.91 billion. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. research analysts expect that Texas Instruments Incorporated will post 4.36 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Tuesday, October 31st were given 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 dividend on an annualized basis and a dividend yield of 2.56%. Texas Instruments’s dividend payout ratio (DPR) is presently 56.49%.

Texas Instruments declared that its Board of Directors has initiated a share buyback program on Thursday, September 21st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 74% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

In other news, Chairman Richard K. Templeton sold 450,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chairman now owns 1,137,056 shares of the company’s stock, valued at approximately $109,737,274.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 189,234 shares of the company’s stock, valued at approximately $18,438,960.96. The disclosure for this sale can be found here. Insiders sold a total of 1,362,293 shares of company stock valued at $131,754,396 in the last three months. 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.

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

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