National Asset Management Inc. boosted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,141 shares of the semiconductor company’s stock after buying an additional 258 shares during the period. National Asset Management Inc.’s holdings in Texas Instruments were worth $819,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. ClariVest Asset Management LLC increased its position 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 increased its position 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. increased its position 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. increased its position 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 increased its position 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 currently owned by institutional investors and hedge funds.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.5148% on Friday, reaching $80.7737. The company had a trading volume of 1,209,558 shares. The firm has a market capitalization of $79.97 billion, a P/E ratio of 20.2035 and a beta of 1.21. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65. The company’s 50-day moving average price is $80.19 and its 200 day moving average price is $79.63.

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

The business 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 2.49%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s dividend payout ratio is presently 50.51%.

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A number of equities research analysts recently weighed in on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. Royal Bank Of Canada raised their price objective on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Instinet reaffirmed a “neutral” rating and set a $75.00 price objective (up previously from $70.00) on shares of Texas Instruments in a research report on Saturday, April 29th. UBS AG reaffirmed a “buy” rating and set a $93.00 price objective (up previously from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 price objective (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $85.96.

In other Texas Instruments 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 sale, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $81.48, for a total value of $2,192,219.40. Following the sale, the director now directly owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,905 shares of company stock valued at $7,398,219. 0.96% of the stock is owned by company 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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