Copeland Capital Management LLC cut its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 43,901 shares of the semiconductor company’s stock after selling 3,933 shares during the period. Copeland Capital Management LLC’s holdings in Texas Instruments were worth $3,378,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Hudock Capital Group LLC boosted its stake in shares of Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock worth $159,000 after buying an additional 7 shares in the last quarter. Tradewinds Capital Management LLC boosted its stake in shares of Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after buying an additional 8 shares in the last quarter. TNB Financial boosted its stake in shares of Texas Instruments by 0.5% in the second quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after buying an additional 14 shares in the last quarter. Reynders McVeigh Capital Management LLC boosted its stake in shares of Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock worth $262,000 after buying an additional 25 shares in the last quarter. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after buying an additional 26 shares in the last quarter. Institutional investors own 84.64% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.77% during mid-day trading on Friday, hitting $80.98. The stock had a trading volume of 1,900,339 shares. The company has a 50 day moving average price of $80.19 and a 200 day moving average price of $79.63. The firm has a market cap of $80.17 billion, a P/E ratio of 20.26 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 issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.07. The business had revenue of $3.69 billion for 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 company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.76 EPS. Equities analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.

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A number of equities research analysts have weighed in on the company. B. Riley reiterated a “neutral” rating and issued a $83.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and issued a $92.00 price objective on shares of Texas Instruments in a research note on Monday, April 17th. Drexel Hamilton boosted their price objective on Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. Jefferies Group LLC boosted their price objective on Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Barclays PLC reduced their price objective on Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $85.96.

In related news, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the transaction, the director now directly owns 27,565 shares in the company, valued at approximately $2,245,996.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of Texas Instruments stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.09, for a total value of $4,054,500.00. Following the completion of the transaction, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 90,905 shares of company stock worth $7,398,219 over the last 90 days. Insiders own 0.96% of the company’s stock.

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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