Teachers Insurance & Annuity Association of America purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The institutional investor purchased 95,800 shares of the semiconductor company’s stock, valued at approximately $7,718,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 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 valued at $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 valued at $160,000 after buying an additional 8 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 valued at $262,000 after buying an additional 25 shares in the last quarter. 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 valued at $311,000 after buying an additional 26 shares in the last quarter. Finally, RB Capital Management LLC boosted its stake in shares of Texas Instruments by 0.6% in the first quarter. RB Capital Management LLC now owns 5,177 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Texas Instruments Incorporated (TXN) traded up 0.66% during midday trading on Friday, reaching $80.89. 3,426,144 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $80.24 and its 200 day moving average is $79.66. The firm has a market capitalization of $80.08 billion, a P/E ratio of 20.23 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.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.07. Texas Instruments had a net margin of 28.68% and a return on equity of 36.52%. The company had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Texas Instruments’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 EPS for the current fiscal year.

The firm 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. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 annualized dividend and a yield of 2.47%. Texas Instruments’s dividend payout ratio is currently 50.51%.

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Several analysts recently issued reports on TXN shares. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Texas Instruments in a research note on Tuesday, April 25th. Jefferies Group LLC upped their price objective on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Robert W. Baird upped their price objective on shares of Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, April 26th. Vetr cut shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective for the company. in a research note on Tuesday, April 18th. Finally, Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $85.96.

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the completion of the sale, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the business’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 sale, the chief operating officer now owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,905 shares of company stock valued at $7,398,219. 0.96% of the stock is owned by insiders.

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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