Greenleaf Trust increased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 11.7% during the second quarter, Holdings Channel reports. The firm owned 5,453 shares of the semiconductor company’s stock after buying an additional 572 shares during the period. Greenleaf Trust’s holdings in Texas Instruments were worth $419,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Texas Instruments by 4.7% in 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 buying an additional 3,551,400 shares during the period. BlackRock Inc. raised its stake in Texas Instruments by 1,924.6% in the first quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after buying an additional 61,521,990 shares during the period. State Street Corp raised its stake in Texas Instruments by 1.4% in the first quarter. State Street Corp now owns 40,943,910 shares of the semiconductor company’s stock valued at $3,298,445,000 after buying an additional 573,645 shares during the period. FMR LLC raised its stake in Texas Instruments by 12.3% in the first quarter. FMR LLC now owns 12,172,327 shares of the semiconductor company’s stock valued at $980,603,000 after buying an additional 1,328,606 shares during the period. Finally, Geode Capital Management LLC raised its stake in Texas Instruments by 9.6% in the first quarter. Geode Capital Management LLC now owns 11,181,980 shares of the semiconductor company’s stock valued at $899,705,000 after buying an additional 975,010 shares during the period. 84.71% of the stock is currently owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ TXN) traded up 1.34% during midday trading on Monday, reaching $81.97. The company’s stock had a trading volume of 1,599,145 shares. The company has a market capitalization of $81.15 billion, a P/E ratio of 20.50 and a beta of 1.21. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The company’s 50-day moving average price is $80.24 and its 200 day moving average price is $79.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. Texas Instruments’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.

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TXN has been the topic of several research analyst reports. Zacks Investment Research raised Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $83.00 price objective (up from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $86.00 price objective (up from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company raised their price objective on Texas Instruments from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC raised their price objective on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Instruments currently has an average rating of “Buy” and a consensus price target of $85.96.

In other news, Director Robert E. Sanchez sold 26,905 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the transaction, the director now owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The disclosure for this sale can be found here. Insiders have sold a total of 90,905 shares of company stock valued at $7,398,219 in the last ninety days. 0.96% of the stock is currently 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. 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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