BB&T Securities LLC grew its position in Texas Instruments Incorporated (NASDAQ:TXN) by 19.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 49,059 shares of the semiconductor company’s stock after buying an additional 8,063 shares during the period. BB&T Securities LLC’s holdings in Texas Instruments were worth $5,408,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TXN. Gulf International Bank UK Ltd raised its holdings in shares of Texas Instruments by 1.5% during the second quarter. Gulf International Bank UK Ltd now owns 316,213 shares of the semiconductor company’s stock valued at $34,862,000 after purchasing an additional 4,665 shares during the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Texas Instruments by 14.1% during the second quarter. AustralianSuper Pty Ltd now owns 1,461,000 shares of the semiconductor company’s stock valued at $161,075,000 after purchasing an additional 179,993 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in shares of Texas Instruments during the second quarter valued at approximately $282,741,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Texas Instruments during the first quarter valued at approximately $1,049,000. Finally, Greenleaf Trust raised its holdings in shares of Texas Instruments by 30.4% during the second quarter. Greenleaf Trust now owns 10,263 shares of the semiconductor company’s stock valued at $1,131,000 after purchasing an additional 2,393 shares during the last quarter. 84.39% of the stock is owned by institutional investors and hedge funds.

TXN opened at $106.05 on Wednesday. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 24.78, a PEG ratio of 2.08 and a beta of 1.19. Texas Instruments Incorporated has a 1-year low of $82.15 and a 1-year high of $120.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 6.54 and a quick ratio of 5.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 24th. The semiconductor company reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.03. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.96 billion. Texas Instruments had a net margin of 28.08% and a return on equity of 46.80%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.03 earnings per share. equities research analysts anticipate that Texas Instruments Incorporated will post 5.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 13th. Investors of record on Tuesday, July 31st were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, July 30th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.34%. Texas Instruments’s dividend payout ratio is 57.94%.

In related news, insider Stephen A. Anderson sold 25,318 shares of the company’s stock in a transaction on Tuesday, July 31st. The shares were sold at an average price of $111.55, for a total transaction of $2,824,222.90. Following the completion of the transaction, the insider now owns 131,153 shares in the company, valued at $14,630,117.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.

TXN has been the subject of several research reports. Bank of America boosted their price objective on shares of Texas Instruments from $138.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, July 25th. Longbow Research upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 11th. UBS Group set a $93.00 target price on shares of Texas Instruments and gave the company a “sell” rating in a research report on Wednesday, July 25th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Finally, Mizuho restated a “hold” rating on shares of Texas Instruments in a research report on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $121.64.

Texas Instruments Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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

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