Cambridge Trust Co. raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the first quarter, Holdings Channel reports. The fund owned 63,730 shares of the semiconductor company’s stock after buying an additional 701 shares during the period. Cambridge Trust Co.’s holdings in Texas Instruments were worth $5,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. American Beacon Advisors Inc. acquired a new position in shares of Texas Instruments during the first quarter worth approximately $101,000. ClariVest Asset Management LLC increased its position in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock worth $104,000 after buying an additional 100 shares during the last quarter. Balentine LLC increased its position in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock worth $106,000 after buying an additional 80 shares during the last quarter. TCI Wealth Advisors Inc. increased its position in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock worth $108,000 after buying an additional 333 shares during the last quarter. Finally, Westside Investment Management Inc. increased its position in shares of Texas Instruments by 9.1% in the first quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock worth $116,000 after buying an additional 121 shares during the last quarter. 84.71% of the stock is owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (TXN) traded up 0.52% during midday trading on Wednesday, reaching $82.38. 600,918 shares of the company’s stock traded hands. The stock has a market capitalization of $81.56 billion, a P/E ratio of 20.61 and a beta of 1.21. The firm’s 50-day moving average price is $80.42 and its 200 day moving average price is $79.74. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the prior year, the firm earned $0.76 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Monday, July 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.

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A number of research analysts recently commented on TXN shares. Barclays PLC lowered their price target on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price target on shares of Texas Instruments in a report on Wednesday, April 26th. Jefferies Group LLC increased their price target on shares of Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a report on Friday, April 28th. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 price target on shares of Texas Instruments in a report on Thursday, April 27th. Finally, Vetr downgraded shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target for the company. in a report on Monday, April 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $85.96.

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is owned by 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. 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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