9,516 Shares in Texas Instruments Incorporated (TXN) Acquired by Abbot Financial Management Inc.

Abbot Financial Management Inc. purchased a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 9,516 shares of the semiconductor company’s stock, valued at approximately $732,000.

Several other institutional investors and hedge funds have also made changes to their positions in TXN. UBS Asset Management Americas Inc. boosted its holdings in shares of Texas Instruments by 2.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 3,808,351 shares of the semiconductor company’s stock worth $292,976,000 after buying an additional 103,409 shares during the period. Rafferty Asset Management LLC boosted its holdings in shares of Texas Instruments by 46.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 188,005 shares of the semiconductor company’s stock worth $14,463,000 after buying an additional 59,695 shares during the period. Columbia Partners L L C Investment Management boosted its holdings in shares of Texas Instruments by 3.8% during the 2nd quarter. Columbia Partners L L C Investment Management now owns 21,205 shares of the semiconductor company’s stock worth $1,631,000 after buying an additional 770 shares during the period. Acrospire Investment Management LLC boosted its holdings in shares of Texas Instruments by 55.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,400 shares of the semiconductor company’s stock worth $108,000 after buying an additional 500 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Texas Instruments during the 2nd quarter worth $112,000. Institutional investors own 83.66% of the company’s stock.

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Texas Instruments Incorporated (NASDAQ:TXN) opened at 93.59 on Monday. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $93.73. The company has a market cap of $92.66 billion, a price-to-earnings ratio of 23.41 and a beta of 1.24. The stock has a 50 day moving average of $86.61 and a 200 day moving average of $81.95.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. Equities research analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Shareholders of record on Tuesday, October 31st will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Monday, October 30th. This is an increase from Texas Instruments’s previous quarterly dividend of $0.50. Texas Instruments’s dividend payout ratio is currently 50.51%.

Texas Instruments announced that its board has authorized a share repurchase plan on Thursday, September 21st that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 74% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

In other Texas Instruments news, insider Ellen Barker sold 15,000 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the sale, the insider now owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the sale, the insider now directly owns 252,257 shares of the company’s stock, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. Insiders have sold a total of 211,301 shares of company stock valued at $17,259,256 in the last three months. Insiders own 0.96% of the company’s stock.

TXN has been the subject of several recent analyst reports. Barclays PLC decreased their price objective on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. UBS AG reaffirmed a “buy” rating and set a $93.00 price objective (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Citigroup Inc. upped their price objective on shares of Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, Drexel Hamilton upped their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $86.51.

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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