Eaton Vance Management Sells 7,795 Shares of Texas Instruments Incorporated (TXN)

Eaton Vance Management lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,028,435 shares of the semiconductor company’s stock after selling 7,795 shares during the quarter. Eaton Vance Management’s holdings in Texas Instruments were worth $211,850,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Highland Private Wealth Management grew its holdings in Texas Instruments by 0.8% during the 2nd quarter. Highland Private Wealth Management now owns 3,042 shares of the semiconductor company’s stock valued at $234,000 after buying an additional 25 shares in the last quarter. Carret Asset Management LLC grew its holdings in Texas Instruments by 0.7% during the 2nd quarter. Carret Asset Management LLC now owns 6,043 shares of the semiconductor company’s stock valued at $465,000 after buying an additional 43 shares in the last quarter. C M Bidwell & Associates Ltd. grew its holdings in Texas Instruments by 0.9% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,041 shares of the semiconductor company’s stock valued at $388,000 after buying an additional 45 shares in the last quarter. RNC Capital Management LLC grew its holdings in Texas Instruments by 0.7% during the 2nd quarter. RNC Capital Management LLC now owns 7,872 shares of the semiconductor company’s stock valued at $606,000 after buying an additional 55 shares in the last quarter. Finally, Westside Investment Management Inc. grew its holdings in Texas Instruments by 6.9% during the 2nd quarter. Westside Investment Management Inc. now owns 1,552 shares of the semiconductor company’s stock valued at $122,000 after buying an additional 100 shares in the last quarter. 83.89% of the stock is owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at $103.93 on Friday. The firm has a market capitalization of $102,163.21, a P/E ratio of 24.28, a P/E/G ratio of 2.17 and a beta of 1.24. Texas Instruments Incorporated has a 12-month low of $75.92 and a 12-month high of $120.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.09. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. Texas Instruments’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. analysts expect that Texas Instruments Incorporated will post 4.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Wednesday, January 31st were given a $0.62 dividend. The ex-dividend date of this dividend was Tuesday, January 30th. This represents a $2.48 dividend on an annualized basis and a yield of 2.39%. Texas Instruments’s payout ratio is 68.89%.

In other Texas Instruments news, VP Haviv Ilan sold 23,831 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $110.36, for a total value of $2,629,989.16. Following the completion of the sale, the vice president now owns 131,153 shares in the company, valued at $14,474,045.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kevin J. Ritchie sold 49,955 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.00, for a total value of $5,145,365.00. The disclosure for this sale can be found here. Insiders sold a total of 757,632 shares of company stock valued at $83,306,399 in the last 90 days. 0.96% of the stock is currently owned by corporate insiders.

A number of research analysts have weighed in on TXN shares. Drexel Hamilton reaffirmed a “buy” rating and set a $130.00 target price (up previously from $110.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Saturday, January 20th. Oppenheimer reaffirmed a “buy” rating and set a $130.00 target price on shares of Texas Instruments in a report on Friday, January 19th. Royal Bank of Canada reaffirmed a “buy” rating and set a $112.00 target price on shares of Texas Instruments in a report on Thursday, January 4th. Finally, Mizuho reaffirmed a “buy” rating and set a $107.00 target price (up previously from $96.00) on shares of Texas Instruments in a report on Tuesday, January 23rd. Fifteen investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $109.65.

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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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