State Street Corp raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.4% during the first quarter, Holdings Channel reports. The firm owned 40,943,910 shares of the semiconductor company’s stock after buying an additional 573,645 shares during the period. State Street Corp’s holdings in Texas Instruments were worth $3,298,445,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. ClariVest Asset Management LLC raised 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 valued at $104,000 after buying an additional 100 shares during the period. Balentine LLC raised 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 valued at $106,000 after buying an additional 80 shares during the period. TCI Wealth Advisors Inc. raised 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 valued at $108,000 after buying an additional 333 shares during the period. Westside Investment Management Inc. raised 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 valued at $116,000 after buying an additional 121 shares during the period. Finally, Lee Financial Co raised 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 valued at $118,000 after buying an additional 48 shares during the period. 84.64% of the stock is currently owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded down 0.83% during midday trading on Thursday, reaching $81.60. 611,177 shares of the company’s stock traded hands. The company has a market capitalization of $80.79 billion, a price-to-earnings ratio of 20.41 and a beta of 1.21. Texas Instruments Incorporated has a one year low of $66.30 and a one year high of $84.65. The company has a 50-day moving average of $80.17 and a 200-day moving average of $79.62.

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

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

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A number of research firms recently weighed in on TXN. B. Riley reaffirmed a “neutral” rating and set a $83.00 target price on shares of Texas Instruments in a report on Wednesday, April 26th. UBS AG reaffirmed a “buy” rating and set a $93.00 target price (up previously from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Royal Bank Of Canada upped their target price on shares of Texas Instruments from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Cowen and Company reaffirmed a “market perform” rating and set a $85.00 target price (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Texas Instruments currently has an average rating of “Buy” and an average target price of $85.96.

In other news, insider Niels Anderskouv sold 32,420 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $80.61, for a total transaction of $2,613,376.20. Following the completion of the sale, the insider now directly owns 102,028 shares of the company’s stock, valued at $8,224,477.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following 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 have sold 123,325 shares of company stock valued at $10,011,596 over the last ninety 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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