First Trust Advisors LP lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 approximately 0.4% of First Trust Advisors LP’s holdings, making the stock its 28th biggest position. First Trust Advisors LP’s holdings in Texas Instruments were worth $181,364,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TXN. Bailard Inc. grew its position in Texas Instruments by 778.1% in the 4th quarter. Bailard Inc. now owns 43,071 shares of the semiconductor company’s stock worth $4,498,000 after purchasing an additional 38,166 shares during the last quarter. Keybank National Association OH boosted its holdings in shares of Texas Instruments by 23.9% in the fourth quarter. Keybank National Association OH now owns 125,851 shares of the semiconductor company’s stock valued at $13,144,000 after acquiring an additional 24,302 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of Texas Instruments by 8.9% in the fourth quarter. Greenleaf Trust now owns 7,229 shares of the semiconductor company’s stock valued at $755,000 after acquiring an additional 589 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Texas Instruments by 1.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 728,264 shares of the semiconductor company’s stock valued at $76,060,000 after acquiring an additional 11,388 shares in the last quarter. Finally, Hosking Partners LLP boosted its holdings in shares of Texas Instruments by 7.5% in the fourth quarter. Hosking Partners LLP now owns 94,800 shares of the semiconductor company’s stock valued at $9,901,000 after acquiring an additional 6,573 shares in the last quarter. 83.67% of the stock is owned by institutional investors and hedge funds.

In other news, Director Pamela H. Patsley sold 7,000 shares of Texas Instruments stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $110.96, for a total transaction of $776,720.00. Following the completion of the sale, the director now owns 35,296 shares in the company, valued at approximately $3,916,444.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Haviv Ilan sold 23,831 shares of Texas Instruments stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total transaction of $2,629,989.16. Following the sale, the vice president now owns 131,153 shares of the company’s stock, valued at approximately $14,474,045.08. The disclosure for this sale can be found here. Insiders have sold a total of 707,677 shares of company stock valued at $78,161,034 over the last three months. 0.96% of the stock is currently owned by insiders.

Texas Instruments Incorporated (NASDAQ:TXN) opened at $100.98 on Wednesday. Texas Instruments Incorporated has a 1-year low of $74.93 and a 1-year high of $120.75. The company has a market cap of $100,468.05, a PE ratio of 23.87, a PEG ratio of 2.14 and a beta of 1.24. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35.

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

The company also recently declared a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Tuesday, January 30th. Texas Instruments’s dividend payout ratio is currently 68.89%.

Several research firms have recently issued reports on TXN. Sanford C. Bernstein set a $125.00 price objective on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. B. Riley reiterated a “neutral” rating and issued a $110.00 price objective (up from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Nomura increased their price objective on shares of Texas Instruments from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Morgan Stanley increased their price objective on shares of Texas Instruments from $92.00 to $101.00 and gave the company an “equal weight” rating in a report on Wednesday, January 24th. Finally, Mizuho reiterated a “buy” rating and issued a $107.00 price objective (up from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Fifteen equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $109.65.

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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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