Brookstone Capital Management grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,590 shares of the semiconductor company’s stock after purchasing an additional 913 shares during the period. Brookstone Capital Management’s holdings in Texas Instruments were worth $492,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bridgeworth LLC lifted its holdings in shares of Texas Instruments by 28.7% during the 2nd quarter. Bridgeworth LLC now owns 3,064 shares of the semiconductor company’s stock valued at $337,000 after purchasing an additional 683 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in shares of Texas Instruments by 9.8% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 10,190 shares of the semiconductor company’s stock valued at $1,123,000 after purchasing an additional 906 shares during the last quarter. Lourd Capital LLC purchased a new stake in shares of Texas Instruments during the 3rd quarter valued at $299,000. AustralianSuper Pty Ltd lifted its holdings in shares of Texas Instruments by 14.1% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,461,000 shares of the semiconductor company’s stock valued at $161,075,000 after purchasing an additional 179,993 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Texas Instruments by 23.1% during the 3rd quarter. Private Trust Co. NA now owns 10,953 shares of the semiconductor company’s stock valued at $1,175,000 after purchasing an additional 2,058 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

In other Texas Instruments news, insider Kyle M. Flessner sold 16,088 shares of Texas Instruments stock in a transaction dated Wednesday, October 31st. The stock was sold at an average price of $94.00, for a total transaction of $1,512,272.00. Following the completion of the transaction, the insider now owns 43,270 shares in the company, valued at approximately $4,067,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Martin S. Craighead acquired 10,900 shares of Texas Instruments stock in a transaction on Thursday, October 25th. The shares were bought at an average price of $91.70 per share, with a total value of $999,530.00. Following the purchase, the director now directly owns 13,100 shares in the company, valued at approximately $1,201,270. The disclosure for this purchase can be found here. Company insiders own 0.84% of the company’s stock.

NASDAQ TXN opened at $96.10 on Friday. The stock has a market cap of $93.36 billion, a price-to-earnings ratio of 22.45, a P/E/G ratio of 1.89 and a beta of 1.28. Texas Instruments Incorporated has a fifty-two week low of $87.90 and a fifty-two week high of $120.75. The company has a quick ratio of 3.09, a current ratio of 3.97 and a debt-to-equity ratio of 0.41.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.53 by $0.05. The business had revenue of $4.26 billion during the quarter, compared to analyst estimates of $4.30 billion. Texas Instruments had a return on equity of 50.03% and a net margin of 29.62%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Analysts forecast that Texas Instruments Incorporated will post 5.42 EPS for the current year.

Texas Instruments announced that its board has approved a share buyback plan on Thursday, September 20th that allows the company to buyback $12.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 11.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Wednesday, October 31st will be paid a dividend of $0.77 per share. The ex-dividend date is Tuesday, October 30th. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.20%. This is a positive change from Texas Instruments’s previous quarterly dividend of $0.62. Texas Instruments’s dividend payout ratio (DPR) is presently 71.96%.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their target price on Texas Instruments from $134.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, October 24th. B. Riley reduced their target price on Texas Instruments from $123.00 to $110.00 and set a “neutral” rating for the company in a research note on Monday, October 22nd. Royal Bank of Canada reduced their target price on Texas Instruments to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Finally, Bank of America raised their target price on Texas Instruments from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $117.11.

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Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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