William Blair Investment Management LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 21.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 931,043 shares of the semiconductor company’s stock after selling 255,192 shares during the period. William Blair Investment Management LLC’s holdings in Texas Instruments were worth $97,238,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of TXN. Carroll Financial Associates Inc. lifted its holdings in Texas Instruments by 22.1% in the fourth quarter. Carroll Financial Associates Inc. now owns 2,515 shares of the semiconductor company’s stock worth $262,000 after buying an additional 455 shares during the period. Charter Trust Co. lifted its holdings in Texas Instruments by 1.2% in the fourth quarter. Charter Trust Co. now owns 39,470 shares of the semiconductor company’s stock worth $4,122,000 after buying an additional 479 shares during the period. Patriot Wealth Management Inc. lifted its holdings in Texas Instruments by 1.7% in the fourth quarter. Patriot Wealth Management Inc. now owns 29,234 shares of the semiconductor company’s stock worth $3,053,000 after buying an additional 497 shares during the period. Corient Capital Partners LLC increased its stake in shares of Texas Instruments by 7.3% during the fourth quarter. Corient Capital Partners LLC now owns 7,403 shares of the semiconductor company’s stock valued at $773,000 after purchasing an additional 504 shares in the last quarter. Finally, FTB Advisors Inc. increased its stake in shares of Texas Instruments by 5.1% during the fourth quarter. FTB Advisors Inc. now owns 10,644 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 515 shares in the last quarter. Institutional investors own 85.15% of the company’s stock.

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A number of equities analysts have weighed in on TXN shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $127.00 target price (up previously from $112.00) on shares of Texas Instruments in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group reaffirmed an “in-line” rating and set a $125.00 target price (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. BidaskClub raised shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research note on Thursday, December 21st. Finally, Mizuho reaffirmed a “buy” rating and set a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a research note on Tuesday, January 23rd. Fifteen research 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. Texas Instruments presently has an average rating of “Buy” and an average price target of $109.65.

In other Texas Instruments news, insider Kevin J. Ritchie sold 49,955 shares of Texas Instruments stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total value of $5,145,365.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Blinn sold 9,724 shares of Texas Instruments stock in a transaction that occurred 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 of the company’s stock, valued at approximately $1,144,719.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.84% of the stock is currently owned by insiders.

Shares of Texas Instruments stock opened at $107.01 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00. Texas Instruments Incorporated has a 1 year low of $75.92 and a 1 year high of $120.75. The company has a market cap of $107,685.38, a P/E ratio of 30.18, a price-to-earnings-growth ratio of 2.29 and a beta of 1.22.

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

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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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