Two Sigma Securities LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 25.9% during the first quarter, Holdings Channel reports. The fund owned 4,955 shares of the semiconductor company’s stock after selling 1,730 shares during the period. Two Sigma Securities LLC’s holdings in Texas Instruments were worth $399,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ClariVest Asset Management LLC boosted its stake in Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. Balentine LLC boosted its stake in Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the last quarter. TCI Wealth Advisors Inc. boosted its stake in Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the last quarter. Westside Investment Management Inc. boosted its stake in Texas Instruments by 9.1% in the first quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock worth $116,000 after buying an additional 121 shares during the last quarter. Finally, Lee Financial Co boosted its stake in Texas Instruments by 3.4% in the first quarter. Lee Financial Co now owns 1,460 shares of the semiconductor company’s stock worth $118,000 after buying an additional 48 shares during the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (TXN) traded down 0.734% on Wednesday, hitting $81.845. 1,293,703 shares of the stock traded hands. Texas Instruments Incorporated has a one year low of $66.30 and a one year high of $84.65. The company’s 50 day moving average is $79.99 and its 200 day moving average is $79.41. The stock has a market cap of $81.17 billion, a price-to-earnings ratio of 20.339 and a beta of 1.21.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current 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 (DPR) is presently 50.51%.

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A number of research firms have issued reports on TXN. Barclays PLC decreased their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Vetr cut shares of 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 reaffirmed 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 reaffirmed 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 reaffirmed a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $85.96.

In other news, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Niels Anderskouv sold 134,360 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 132,079 shares of the company’s stock, valued at $10,621,793.18. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 257,685 shares of company stock valued at $20,816,827. Corporate 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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