Sensato Investors LLC acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The firm acquired 52,500 shares of the semiconductor company’s stock, valued at approximately $4,229,000.

Other hedge funds have also modified their holdings of the company. ClariVest Asset Management LLC raised its stake in shares of 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 in the last quarter. Balentine LLC raised its stake in shares of 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 in the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of 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 in the last quarter. Westside Investment Management Inc. raised its stake in shares of 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 in the last quarter. Finally, Lee Financial Co raised its stake in shares of 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 in the last quarter. 84.64% of the stock is currently owned by institutional investors.

Texas Instruments Incorporated (NASDAQ TXN) traded up 0.5148% during midday trading on Friday, hitting $80.7737. The company had a trading volume of 1,209,558 shares. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65. The stock has a 50 day moving average of $80.19 and a 200 day moving average of $79.63. The firm has a market cap of $79.97 billion, a price-to-earnings ratio of 20.2035 and a beta of 1.21.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the 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 analyst estimates of $3.57 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, analysts anticipate 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 given a $0.50 dividend. 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 (DPR) is presently 50.51%.

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A number of brokerages have recently issued reports on TXN. B. Riley reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Texas Instruments in a research note on Wednesday, April 26th. BMO Capital Markets reaffirmed a “buy” rating and issued a $92.00 price target on shares of Texas Instruments in a research note on Monday, April 17th. Drexel Hamilton lifted their price target on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Jefferies Group LLC lifted their price target on Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Finally, Cowen and Company reaffirmed a “market perform” rating and issued a $85.00 price target (up from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $85.96.

In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,245,996.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold 90,905 shares of company stock worth $7,398,219 over the last three months. 0.96% of the stock is currently owned by corporate 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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