Hemenway Trust Co LLC lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 10.8% during the second quarter, Holdings Channel reports. The firm owned 2,900 shares of the semiconductor company’s stock after selling 350 shares during the period. Hemenway Trust Co LLC’s holdings in Texas Instruments were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of TXN. UMB Bank N A MO boosted its stake in Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock worth $26,319,000 after buying an additional 15,401 shares during the period. Rhumbline Advisers boosted its stake in Texas Instruments by 0.9% in the first quarter. Rhumbline Advisers now owns 1,753,135 shares of the semiconductor company’s stock worth $141,233,000 after buying an additional 15,099 shares during the period. 1st Global Advisors Inc. purchased a new stake in Texas Instruments during the first quarter worth approximately $406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Texas Instruments by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,152 shares of the semiconductor company’s stock worth $5,974,000 after buying an additional 16,857 shares during the period. Finally, American International Group Inc. boosted its stake in Texas Instruments by 1.6% in the first quarter. American International Group Inc. now owns 471,415 shares of the semiconductor company’s stock worth $37,977,000 after buying an additional 7,369 shares during the period. Institutional investors and hedge funds own 84.64% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down 0.503% on Wednesday, hitting $82.035. The company had a trading volume of 2,041,253 shares. The company has a 50-day moving average of $79.99 and a 200 day moving average of $79.41. The stock has a market cap of $81.36 billion, a PE ratio of 20.386 and a beta of 1.21. Texas Instruments Incorporated has a 12 month low of $66.30 and a 12 month high of $84.65.

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

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

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TXN has been the topic of a number of research analyst reports. Deutsche Bank AG reiterated a “hold” rating and set a $75.00 target price (up previously from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Vetr upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating and set a $89.16 target price on the stock in a research report on Tuesday, April 11th. Royal Bank Of Canada reiterated an “outperform” rating and set a $84.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Tuesday, April 25th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Texas Instruments presently has an average rating of “Buy” and an average price target of $85.96.

In other news, insider Niels Anderskouv sold 134,360 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $80.42, for a total transaction of $10,805,231.20. Following the transaction, the insider now owns 132,079 shares in the company, 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 the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the transaction, the director now owns 27,565 shares in the company, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. Insiders have sold a total of 257,685 shares of company stock worth $20,816,827 in the last 90 days. 0.96% of the stock is owned by insiders.

About Texas Instruments

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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