HighVista Strategies LLC reduced its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 21.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,800 shares of the semiconductor company’s stock after selling 2,600 shares during the period. HighVista Strategies LLC’s holdings in Texas Instruments were worth $789,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in TXN. Schwab Charles Investment Management Inc. raised its position in shares of Texas Instruments by 6.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,594,459 shares of the semiconductor company’s stock worth $370,130,000 after buying an additional 262,205 shares during the last quarter. Invictus RG increased its stake in shares of Texas Instruments by 1,108.8% in the first quarter. Invictus RG now owns 2,345 shares of the semiconductor company’s stock worth $189,000 after buying an additional 2,151 shares during the period. United Capital Financial Advisers LLC increased its stake in shares of Texas Instruments by 3.6% in the first quarter. United Capital Financial Advisers LLC now owns 72,376 shares of the semiconductor company’s stock worth $5,831,000 after buying an additional 2,526 shares during the period. BlackRock Inc. increased its stake in shares of Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares during the period. Finally, Harfst & Associates Inc. purchased a new stake in shares of Texas Instruments during the first quarter worth $321,000. 84.64% of the stock is currently owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down 0.7642% during mid-day trading on Wednesday, hitting $81.8199. The stock had a trading volume of 1,284,783 shares. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The stock has a market cap of $81.14 billion, a price-to-earnings ratio of 20.3330 and a beta of 1.21. The firm’s 50-day moving average price is $79.99 and its 200 day moving average price is $79.41.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. Texas Instruments’s dividend payout ratio (DPR) is currently 50.51%.

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TXN has been the subject of a number of research analyst reports. Barclays PLC lowered their price target on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Vetr downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Monday, April 24th. Rosenblatt Securities reiterated a “buy” rating and issued a $90.00 price target on shares of Texas Instruments in a report on Wednesday, April 19th. BMO Capital Markets reiterated a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a report on Monday, April 17th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.96.

In other news, insider Niels Anderskouv sold 134,360 shares of Texas Instruments stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $80.42, for a total value of $10,805,231.20. Following the completion of the sale, the insider now directly owns 132,079 shares of the company’s stock, valued at approximately $10,621,793.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brian T. Crutcher sold 50,000 shares of Texas Instruments stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 257,685 shares of company stock valued at $20,816,827 over the last three months. Insiders own 0.96% of the company’s stock.

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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