Texas Instruments Incorporated (TXN) Position Lowered by Hodges Capital Management Inc.

Hodges Capital Management Inc. decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 7.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,862 shares of the semiconductor company’s stock after selling 1,723 shares during the period. Hodges Capital Management Inc.’s holdings in Texas Instruments were worth $2,453,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of The West raised its position in Texas Instruments by 4.6% during the second quarter. Bank of The West now owns 10,401 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 453 shares during the last quarter. Buckley Wealth Management LLC raised its position in Texas Instruments by 3.5% during the second quarter. Buckley Wealth Management LLC now owns 13,732 shares of the semiconductor company’s stock worth $1,514,000 after acquiring an additional 461 shares during the last quarter. D.B. Root & Company LLC raised its position in Texas Instruments by 8.9% during the second quarter. D.B. Root & Company LLC now owns 5,701 shares of the semiconductor company’s stock worth $629,000 after acquiring an additional 466 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in Texas Instruments by 0.7% during the second quarter. First National Bank of Mount Dora Trust Investment Services now owns 64,132 shares of the semiconductor company’s stock worth $7,071,000 after acquiring an additional 474 shares during the last quarter. Finally, Northstar Investment Advisors LLC raised its position in Texas Instruments by 0.5% during the second quarter. Northstar Investment Advisors LLC now owns 96,683 shares of the semiconductor company’s stock worth $10,657,000 after acquiring an additional 479 shares during the last quarter. Hedge funds and other institutional investors own 84.21% of the company’s stock.

In related news, Director Martin S. Craighead bought 10,900 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was purchased at an average cost of $91.70 per share, for a total transaction of $999,530.00. Following the completion of the acquisition, the director now owns 13,100 shares in the company, valued at $1,201,270. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.



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

Shares of NASDAQ TXN opened at $90.18 on Tuesday. Texas Instruments Incorporated has a 12 month low of $87.90 and a 12 month high of $120.75. The stock has a market cap of $88.04 billion, a PE ratio of 21.07, a PEG ratio of 1.76 and a beta of 1.19. 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 earnings results on Tuesday, October 23rd. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.05. Texas Instruments had a net margin of 29.62% and a return on equity of 50.03%. The firm had revenue of $4.26 billion during the quarter, compared to the consensus estimate of $4.30 billion. During the same period in the previous year, the firm earned $1.26 earnings per share. Texas Instruments’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts predict that Texas Instruments Incorporated will post 5.41 earnings per share for the current fiscal year.

Texas Instruments announced that its board has initiated a share repurchase plan on Thursday, September 20th that authorizes the company to repurchase $12.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 11.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Wednesday, October 31st will be issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a yield of 3.42%. This is an increase from Texas Instruments’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Tuesday, October 30th. Texas Instruments’s payout ratio is presently 57.94%.

Texas Instruments Company 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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