Kalos Management Inc. lifted its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 17.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,431 shares of the semiconductor company’s stock after purchasing an additional 3,299 shares during the period. Texas Instruments comprises approximately 1.3% of Kalos Management Inc.’s holdings, making the stock its 27th biggest position. Kalos Management Inc.’s holdings in Texas Instruments were worth $2,010,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. American Beacon Advisors Inc. purchased a new stake in Texas Instruments in the 1st quarter worth approximately $101,000. Patriot Financial Group Insurance Agency LLC increased its holdings in Texas Instruments by 18.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,287 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 200 shares in the last quarter. MV Capital Management Inc. increased its holdings in Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after acquiring an additional 93 shares in the last quarter. Acrospire Investment Management LLC increased its holdings in Texas Instruments by 55.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after acquiring an additional 500 shares in the last quarter. Finally, American National Bank increased its holdings in Texas Instruments by 2,470.9% in the 2nd quarter. American National Bank now owns 1,414 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 1,359 shares in the last quarter. Hedge funds and other institutional investors own 83.97% of the company’s stock.

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

In related news, 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 in the company, valued at $18,438,960.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 $109,737,274.56. The disclosure for this sale can be found here. Over 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 insiders.

Texas Instruments Incorporated (TXN) opened at $98.83 on Tuesday. Texas Instruments Incorporated has a fifty-two week low of $71.19 and a fifty-two week high of $99.79. 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 cap of $96,604.64, a price-to-earnings ratio of 24.14, a P/E/G 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 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 firm had revenue of $4.12 billion during the quarter, compared to analyst estimates of $3.91 billion. During the same period last year, the firm posted $0.94 earnings per share. Texas Instruments’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts predict that Texas Instruments Incorporated will post 4.36 EPS for the current year.

The firm also recently announced 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 is a positive change from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.51%. Texas Instruments’s dividend payout ratio (DPR) is 57.94%.

Texas Instruments announced that its Board of Directors has initiated a share repurchase program on Thursday, September 21st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 74% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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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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