Pitcairn Co. boosted its stake in shares of Texas Instruments Inc. (NASDAQ:TXN) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 13,995 shares of the company’s stock after buying an additional 17 shares during the period. Pitcairn Co.’s holdings in Texas Instruments were worth $877,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Cypress Wealth Advisors LLC boosted its position in Texas Instruments by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 5,940 shares of the company’s stock valued at $341,000 after buying an additional 25 shares during the last quarter. Patten & Patten Inc. TN boosted its position in Texas Instruments by 1.4% in the second quarter. Patten & Patten Inc. TN now owns 4,456 shares of the company’s stock valued at $279,000 after buying an additional 61 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its position in Texas Instruments by 0.4% in the first quarter. Canandaigua National Bank & Trust Co. now owns 23,690 shares of the company’s stock valued at $1,360,000 after buying an additional 83 shares during the last quarter. Peachtree Investment Advisors Inc. boosted its position in Texas Instruments by 0.4% in the second quarter. Peachtree Investment Advisors Inc. now owns 29,450 shares of the company’s stock valued at $1,845,000 after buying an additional 110 shares during the last quarter. Finally, Central Bank & Trust Co. boosted its position in Texas Instruments by 2.3% in the second quarter. Central Bank & Trust Co. now owns 4,892 shares of the company’s stock valued at $306,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

Shares of Texas Instruments Inc. (NASDAQ:TXN) traded up 0.55% during midday trading on Wednesday, hitting $69.56. 4,202,113 shares of the stock traded hands. Texas Instruments Inc. has a 1-year low of $45.33 and a 1-year high of $72.58. The stock has a 50 day moving average of $69.48 and a 200 day moving average of $62.56. The company has a market capitalization of $69.78 billion, a P/E ratio of 23.44 and a beta of 1.19.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.76 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.03. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The company had revenue of $3.27 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the business earned $0.65 earnings per share. Texas Instruments’s revenue was up 1.3% on a year-over-year basis. Equities research analysts predict that Texas Instruments Inc. will post $3.06 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada lifted their price objective on shares of Texas Instruments from $75.00 to $80.00 and gave the stock an “outperform” rating in a research note on Monday, August 22nd. Robert W. Baird raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $70.00 to $80.00 in a research note on Wednesday, September 14th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price objective (up previously from $75.00) on shares of Texas Instruments in a research note on Monday, August 22nd. Exane BNP Paribas raised shares of Texas Instruments from an “underperform” rating to a “neutral” rating in a research note on Friday, August 5th. Finally, Mizuho lifted their price objective on shares of Texas Instruments from $57.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 26th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $68.44.

In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 20,506 shares of Texas Instruments stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.65, for a total value of $1,448,748.90. Following the transaction, the senior vice president now owns 61,150 shares in the company, valued at $4,320,247.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Stephen A. Anderson sold 103,125 shares of Texas Instruments stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $70.08, for a total value of $7,227,000.00. Following the completion of the transaction, the insider now owns 292,446 shares in the company, valued at approximately $20,494,615.68. The disclosure for this sale can be found here. 1.02% of the stock is owned by corporate insiders.

About Texas Instruments

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. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).

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