SFE Investment Counsel grew its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 17.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,760 shares of the semiconductor company’s stock after buying an additional 563 shares during the quarter. SFE Investment Counsel’s holdings in Texas Instruments were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. American Beacon Advisors Inc. purchased a new stake in shares of Texas Instruments during the 1st quarter worth approximately $101,000. ClariVest Asset Management LLC increased its stake in shares of Texas Instruments by 8.4% during the 1st quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 100 shares during the last quarter. Balentine LLC increased its stake in shares of Texas Instruments by 6.5% during the 1st quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after purchasing an additional 80 shares during the last quarter. MV Capital Management Inc. increased its stake in shares of Texas Instruments by 7.6% during the 2nd quarter. MV Capital Management Inc. now owns 1,324 shares of the semiconductor company’s stock worth $102,000 after purchasing an additional 93 shares during the last quarter. Finally, TCI Wealth Advisors Inc. increased its stake in shares of Texas Instruments by 33.2% during the 1st quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 333 shares during the last quarter. 83.69% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction 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 transaction, 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 sold 211,301 shares of company stock valued at $17,259,256. Company insiders own 0.96% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at 84.84 on Friday. Texas Instruments Incorporated has a 52-week low of $66.80 and a 52-week high of $85.03. The company has a market capitalization of $83.99 billion, a P/E ratio of 21.22 and a beta of 1.20. The firm has a 50-day moving average of $81.69 and a 200 day moving average of $80.55.

Texas Instruments (NASDAQ:TXN) last posted its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period in the previous year, the business posted $0.76 EPS. The business’s revenue was up 12.8% compared to the same quarter last year. Equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/17/texas-instruments-incorporated-txn-holdings-boosted-by-sfe-investment-counsel.html.

A number of research analysts recently weighed in on TXN shares. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reiterated an “equal weight” rating and issued a $83.00 price objective (up from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $86.00 price objective (up from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company reiterated a “market perform” rating and issued a $85.00 price objective (up from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Barclays PLC lifted their price objective on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $86.18.

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.

Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.