Huntington National Bank increased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 592,686 shares of the semiconductor company’s stock after buying an additional 8,720 shares during the period. Texas Instruments comprises about 0.8% of Huntington National Bank’s portfolio, making the stock its 27th largest position. Huntington National Bank’s holdings in Texas Instruments were worth $45,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Bank & Trust Co. boosted its position in Texas Instruments by 82.7% in the second quarter. Private Bank & Trust Co. now owns 4,825 shares of the semiconductor company’s stock worth $371,000 after buying an additional 2,184 shares during the last quarter. APG Asset Management N.V. boosted its position in Texas Instruments by 1.0% in the second quarter. APG Asset Management N.V. now owns 2,806,465 shares of the semiconductor company’s stock worth $215,901,000 after buying an additional 28,837 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in Texas Instruments by 12.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 126,926 shares of the semiconductor company’s stock worth $9,764,000 after buying an additional 14,029 shares during the last quarter. Investment House LLC boosted its position in Texas Instruments by 0.3% in the second quarter. Investment House LLC now owns 108,073 shares of the semiconductor company’s stock worth $8,314,000 after buying an additional 315 shares during the last quarter. Finally, Doyle Wealth Management boosted its position in Texas Instruments by 5.3% in the second quarter. Doyle Wealth Management now owns 5,908 shares of the semiconductor company’s stock worth $455,000 after buying an additional 295 shares during the last quarter. 84.64% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (TXN) traded down 1.56% during trading on Thursday, reaching $81.00. The company’s stock had a trading volume of 1,351,912 shares. The stock has a 50 day moving average of $80.17 and a 200-day moving average of $79.62. The company has a market capitalization of $80.19 billion, a PE ratio of 20.26 and a beta of 1.21. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Zacks’ 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 company had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter in the previous year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

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

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A number of research firms have recently weighed in on TXN. B. Riley reaffirmed a “neutral” rating and set a $89.00 price objective on shares of Texas Instruments in a research report on Monday, July 31st. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective on the stock in a research report on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $83.00 price objective (up from $78.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Barclays PLC lowered their price objective on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $85.96.

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of Texas Instruments stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the sale, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders sold 123,325 shares of company stock worth $10,011,596 in the last 90 days. Company 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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