Texas Instruments Incorporated (TXN) Stake Raised by SPC Financial Inc.

SPC Financial Inc. raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.6% during the second quarter, Holdings Channel reports. The institutional investor owned 23,195 shares of the semiconductor company’s stock after buying an additional 1,240 shares during the period. SPC Financial Inc.’s holdings in Texas Instruments were worth $1,784,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock worth $5,213,733,000 after buying an additional 61,521,990 shares in the last quarter. Jennison Associates LLC raised its position in shares of Texas Instruments by 370.0% in the first quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock worth $650,997,000 after buying an additional 6,361,577 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Texas Instruments by 4.7% in the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock worth $6,416,325,000 after buying an additional 3,551,400 shares in the last quarter. American Century Companies Inc. raised its position in shares of Texas Instruments by 252.0% in the first quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock worth $269,580,000 after buying an additional 2,395,581 shares in the last quarter. Finally, Waddell & Reed Financial Inc. raised its position in shares of Texas Instruments by 476.4% in the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock worth $160,205,000 after buying an additional 1,643,640 shares in the last quarter. 84.71% of the stock is currently owned by hedge funds and other institutional investors.

Texas Instruments Incorporated (NASDAQ TXN) traded down 2.03% during trading on Thursday, hitting $80.79. The stock had a trading volume of 1,466,037 shares. The firm’s 50 day moving average is $80.57 and its 200 day moving average is $79.76. The firm has a market cap of $79.99 billion, a price-to-earnings ratio of 20.21 and a beta of 1.21. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year 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, beating analysts’ consensus estimates of $0.96 by $0.07. The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.76 earnings per share. On average, analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.43%. Texas Instruments’s payout ratio is 50.51%.

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Several analysts have weighed in on TXN shares. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $90.00 target price on shares of Texas Instruments in a report on Tuesday, April 25th. Jefferies Group LLC upped their target price on Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Robert W. Baird upped their target price on Texas Instruments from $80.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, April 26th. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a report on Wednesday, June 28th. Finally, Cowen and Company upped their target price on Texas Instruments from $77.00 to $82.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Texas Instruments currently has a consensus rating of “Buy” and a consensus price target of $85.96.

In related news, insider Ellen Barker sold 15,000 shares of Texas Instruments stock in a transaction on Monday, August 14th. The stock was sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the sale, the insider now owns 45,697 shares of the company’s stock, valued at $3,741,213.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total value of $8,632,986.36. Following the sale, the insider now directly owns 252,257 shares of the company’s stock, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,301 shares of company stock valued at $17,259,256. Insiders own 0.96% of the company’s stock.

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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