WINTON GROUP Ltd raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 33.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 315,725 shares of the semiconductor company’s stock after purchasing an additional 79,944 shares during the quarter. Texas Instruments accounts for 0.7% of WINTON GROUP Ltd’s portfolio, making the stock its 28th largest position. WINTON GROUP Ltd’s holdings in Texas Instruments were worth $24,289,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Enterprise Financial Services Corp boosted its stake in shares of Texas Instruments by 0.3% in the second quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after buying an additional 4 shares during the last quarter. Financial Advisory Service Inc. boosted its stake in shares of Texas Instruments by 0.4% in the second quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after buying an additional 12 shares during the last quarter. TNB Financial boosted its stake in shares of Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after buying an additional 14 shares during the last quarter. Highland Private Wealth Management boosted its stake 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 worth $234,000 after buying an additional 25 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 83.75% of the company’s stock.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.14. Texas Instruments had a return on equity of 38.88% and a net margin of 29.98%. The firm had revenue of $4.12 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same period in the previous year, the firm posted $0.94 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be given a dividend of $0.62 per share. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. This represents a $2.48 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Monday, October 30th. Texas Instruments’s payout ratio is currently 57.94%.

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

In other Texas Instruments news, CEO Richard K. Templeton sold 190,000 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $96.88, for a total value of $18,407,200.00. Following the completion of the transaction, the chief executive officer now directly owns 1,137,056 shares in the company, valued at approximately $110,157,985.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bing Xie sold 17,500 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total value of $1,689,275.00. Following the completion of the transaction, the senior vice president now owns 78,102 shares of the company’s stock, valued at $7,539,186.06. The disclosure for this sale can be found here. Insiders have sold a total of 1,151,577 shares of company stock valued at $109,430,542 over the last 90 days. Insiders own 0.96% of the company’s stock.

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A number of brokerages have recently commented on TXN. Royal Bank Of Canada upped their target price on Texas Instruments from $95.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. UBS AG restated a “buy” rating and issued a $93.00 target price (up previously from $91.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Loop Capital restated a “hold” rating and issued a $84.00 target price (up previously from $79.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Bank of America Corporation upped their target price on Texas Instruments from $100.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Drexel Hamilton upped their target price on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $93.85.

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.

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

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