Accredited Investors Inc. Purchases New Position in Texas Instruments Incorporated (NASDAQ:TXN)

Accredited Investors Inc. acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,916 shares of the semiconductor company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Texas Instruments by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after purchasing an additional 807,808 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of Texas Instruments by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after purchasing an additional 807,808 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Texas Instruments by 6,709.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock valued at $256,000 after purchasing an additional 23,836,621 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Texas Instruments by 2.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock valued at $1,484,661,000 after purchasing an additional 337,435 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Texas Instruments by 1.8% during the 4th quarter. Northern Trust Corp now owns 13,762,531 shares of the semiconductor company’s stock valued at $1,300,560,000 after purchasing an additional 246,740 shares during the last quarter. Institutional investors own 86.77% of the company’s stock.

TXN has been the topic of several recent research reports. Robert W. Baird decreased their target price on shares of Texas Instruments from $115.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Longbow Research lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective on the stock. in a research report on Wednesday, April 17th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the stock. Texas Instruments currently has an average rating of “Hold” and an average target price of $111.18.

In other news, VP Ahmad Bahai sold 5,165 shares of Texas Instruments stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $107.30, for a total value of $554,204.50. Following the sale, the vice president now owns 41,911 shares in the company, valued at $4,497,050.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Niels Anderskouv sold 53,075 shares of Texas Instruments stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $116.86, for a total transaction of $6,202,344.50. Following the completion of the sale, the vice president now owns 138,317 shares in the company, valued at approximately $16,163,724.62. The disclosure for this sale can be found here. Insiders sold 957,349 shares of company stock valued at $111,382,883 in the last ninety days. 0.89% of the stock is owned by corporate insiders.

Shares of Texas Instruments stock traded up $0.45 during trading on Friday, hitting $112.60. 4,013,926 shares of the company’s stock were exchanged, compared to its average volume of 5,548,334. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.68 and a quick ratio of 2.70. Texas Instruments Incorporated has a 52-week low of $87.70 and a 52-week high of $119.32. The stock has a market cap of $105.64 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 2.25 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, April 23rd. The semiconductor company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.09. Texas Instruments had a net margin of 34.84% and a return on equity of 55.48%. The firm had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.48 billion. During the same quarter last year, the company posted $1.35 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. As a group, equities analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 6th will be issued a $0.77 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $3.08 dividend on an annualized basis and a yield of 2.74%. Texas Instruments’s payout ratio is 56.83%.

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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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