136,035 Shares in Texas Instruments Incorporated (TXN) Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 136,035 shares of the semiconductor company’s stock, valued at approximately $12,194,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. American Beacon Advisors Inc. bought a new stake in shares of Texas Instruments in the 1st quarter valued at about $101,000. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 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 valued at $101,000 after purchasing an additional 200 shares in the last quarter. MV Capital Management Inc. raised its holdings in shares of Texas Instruments by 7.6% in the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock valued at $102,000 after purchasing an additional 93 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in shares of Texas Instruments by 8.4% in the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 100 shares in the last quarter. Finally, Balentine LLC raised its holdings in shares of Texas Instruments by 6.5% in the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 83.87% of the company’s stock.

In other Texas Instruments news, SVP Bing Xie sold 17,500 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $96.53, for a total transaction of $1,689,275.00. Following the completion of the transaction, the senior vice president now directly owns 78,102 shares in the company, valued at $7,539,186.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider R Gregory Delagi sold 238,750 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $97.44, for a total transaction of $23,263,800.00. Following the transaction, the insider now owns 189,234 shares of the company’s stock, valued at $18,438,960.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,482,689 shares of company stock valued at $141,615,432. Company insiders own 0.96% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at $96.94 on Friday. The company has a quick ratio of 2.96, a current ratio of 3.89 and a debt-to-equity ratio of 0.28. Texas Instruments Incorporated has a 12 month low of $69.00 and a 12 month high of $99.05. The stock has a market cap of $95,540.28, a price-to-earnings ratio of 23.88, a P/E/G ratio of 2.33 and a beta of 1.28.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, October 24th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $3.91 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s revenue was up 12.0% compared to the same quarter last year. research analysts anticipate that Texas Instruments Incorporated will post 4.33 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 13th. Investors of record on Tuesday, October 31st will be paid a $0.62 dividend. This is a boost 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 has authorized a share buyback program on Thursday, September 21st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the semiconductor company to purchase up to 74% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

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Several equities research analysts have recently commented on TXN shares. Barclays PLC reduced their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. UBS AG restated a “buy” rating and issued a $93.00 price target (up previously from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Citigroup Inc. boosted their price target on shares of Texas Instruments from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Drexel Hamilton boosted their price target on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. Finally, BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $93.85.

Texas Instruments Company 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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