First National Bank of Mount Dora Trust Investment Services raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,592 shares of the semiconductor company’s stock after buying an additional 11,323 shares during the period. Texas Instruments comprises about 3.1% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 3rd largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Texas Instruments were worth $5,892,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TXN. UMB Bank N A MO boosted its stake in Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock valued at $26,319,000 after buying an additional 15,401 shares during the period. Rhumbline Advisers boosted its stake in Texas Instruments by 0.9% in the first quarter. Rhumbline Advisers now owns 1,753,135 shares of the semiconductor company’s stock valued at $141,233,000 after buying an additional 15,099 shares during the period. 1st Global Advisors Inc. purchased a new stake in Texas Instruments during the first quarter valued at approximately $406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Texas Instruments by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,152 shares of the semiconductor company’s stock valued at $5,974,000 after buying an additional 16,857 shares during the period. Finally, American International Group Inc. boosted its stake in Texas Instruments by 1.6% in the first quarter. American International Group Inc. now owns 471,415 shares of the semiconductor company’s stock valued at $37,977,000 after buying an additional 7,369 shares during the period. Hedge funds and other institutional investors own 84.71% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) traded up 1.04% during mid-day trading on Tuesday, reaching $80.72. The company had a trading volume of 1,686,327 shares. The stock has a 50 day moving average price of $80.81 and a 200 day moving average price of $79.86. The company has a market capitalization of $79.92 billion, a P/E ratio of 20.19 and a beta of 1.21. Texas Instruments Incorporated has a one year low of $66.30 and a one year high of $84.65.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ 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 business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter last year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 annualized dividend and a yield of 2.50%. Texas Instruments’s payout ratio is 50.51%.

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Several equities research analysts have recently commented on TXN shares. Deutsche Bank AG reissued a “hold” rating and issued a $75.00 target price (up from $73.00) on shares of Texas Instruments in a research note on Saturday, April 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $84.00 target price on shares of Texas Instruments in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $90.00 target price on shares of Texas Instruments in a research note on Tuesday, April 25th. Vetr cut Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 target price for the company. in a research note on Monday, April 24th. Finally, Zacks Investment Research cut Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Texas Instruments presently has a consensus rating of “Buy” and a consensus price target of $85.96.

In related news, 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 transaction, the chief operating officer now owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 38,435 shares in the company, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,301 shares of company stock worth $17,259,256. 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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