Blair William & Co. IL Raises Position in Texas Instruments Incorporated (TXN)

Blair William & Co. IL increased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 8.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 204,003 shares of the semiconductor company’s stock after acquiring an additional 15,992 shares during the quarter. Blair William & Co. IL’s holdings in Texas Instruments were worth $15,694,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. BlackRock Inc. lifted its position in Texas Instruments by 1,924.6% during the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after purchasing an additional 61,521,990 shares during the last quarter. Vanguard Group Inc. lifted its position in Texas Instruments by 4.7% during the first quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after purchasing an additional 3,551,400 shares during the last quarter. American Century Companies Inc. lifted its position in Texas Instruments by 252.0% during the first quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock valued at $269,580,000 after purchasing an additional 2,395,581 shares during the last quarter. Waddell & Reed Financial Inc. lifted its position in Texas Instruments by 476.4% during the first quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after purchasing an additional 1,643,640 shares during the last quarter. Finally, Henderson Group PLC lifted its position in Texas Instruments by 1,054.2% during the first quarter. Henderson Group PLC now owns 1,498,951 shares of the semiconductor company’s stock valued at $120,763,000 after purchasing an additional 1,369,077 shares during the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.

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Several research firms have commented on TXN. Drexel Hamilton increased their price objective on shares of Texas Instruments from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, July 26th. B. Riley reiterated a “neutral” rating and set a $89.00 price objective on shares of Texas Instruments in a research report on Monday, July 31st. BidaskClub upgraded shares of Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Cowen and Company reiterated a “market perform” rating and set a $85.00 price objective (up previously from $82.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Barclays PLC lowered their price objective on shares of Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $86.18.

In related news, insider Ellen Barker sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the sale, the insider now directly owns 45,697 shares in the company, valued at $3,741,213.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kevin J. Ritchie sold 105,396 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the sale, the insider now owns 252,257 shares in the company, valued at $20,662,370.87. The disclosure for this sale can be found here. Insiders have sold 211,301 shares of company stock worth $17,259,256 over the last 90 days. Insiders own 0.96% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ TXN) opened at 86.81 on Wednesday. The company has a market capitalization of $85.95 billion, a PE ratio of 21.71 and a beta of 1.20. Texas Instruments Incorporated has a 12-month low of $66.80 and a 12-month high of $87.24. The stock has a 50 day moving average of $82.00 and a 200-day moving average of $80.72.

Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $3.57 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

Texas Instruments 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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