Edgestream Partners L.P. bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,224 shares of the semiconductor company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. 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 in the last quarter. Balentine LLC increased its position 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 during the period. TCI Wealth Advisors Inc. increased its position 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 during the period. Westside Investment Management Inc. increased its position 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 during the period. Finally, Lee Financial Co increased its position 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 during the period. Institutional investors own 84.64% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) traded up 0.66% during mid-day trading on Friday, hitting $80.89. 3,426,144 shares of the stock traded hands. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The company has a market cap of $80.08 billion, a price-to-earnings ratio of 20.23 and a beta of 1.21. The firm’s 50-day moving average is $80.24 and its 200-day moving average is $79.66.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business 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%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities research analysts expect 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. Stockholders of record on Monday, July 31st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.47%. 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 brokerages have weighed in on TXN. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research report on Thursday, July 27th. Cowen and Company upped their price objective on shares of Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 26th. Drexel Hamilton reiterated a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. Robert W. Baird upped their price objective on shares of Texas Instruments from $80.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 26th. Finally, B. Riley reiterated a “neutral” rating and issued a $83.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. One equities research 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. The company currently has a consensus rating of “Buy” and a consensus price target of $85.96.

In other news, Director Robert E. Sanchez sold 26,905 shares of the business’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 completion of the transaction, the director now owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the transaction, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. In the last three months, insiders sold 90,905 shares of company stock valued at $7,398,219. Company 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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