Keybank National Association OH raised its position in Texas Instruments Incorporated (NASDAQ:TXN) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 143,086 shares of the semiconductor company’s stock after acquiring an additional 2,896 shares during the period. Keybank National Association OH’s holdings in Texas Instruments were worth $16,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TXN. Farmers National Bank purchased a new position in Texas Instruments during the first quarter worth about $35,000. Icon Wealth Partners LLC purchased a new position in Texas Instruments during the first quarter worth about $37,000. Global Wealth Management Investment Advisory Inc. grew its position in Texas Instruments by 919.4% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock worth $39,000 after buying an additional 331 shares in the last quarter. Shine Investment Advisory Services Inc. grew its position in Texas Instruments by 348.8% during the second quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock worth $41,000 after buying an additional 279 shares in the last quarter. Finally, Horan Capital Advisors LLC. purchased a new position in Texas Instruments during the first quarter worth about $46,000. Hedge funds and other institutional investors own 85.91% of the company’s stock.

Shares of NASDAQ TXN traded down $3.09 during midday trading on Wednesday, reaching $120.25. The company had a trading volume of 130,904 shares, compared to its average volume of 5,330,719. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $130.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 2.22 and a current ratio of 3.01. The company’s fifty day simple moving average is $119.73. The company has a market cap of $111.57 billion, a PE ratio of 22.20, a PEG ratio of 2.28 and a beta of 1.25.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.08. The business had revenue of $3.67 billion during the quarter, compared to analyst estimates of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. Texas Instruments’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 EPS. As a group, research analysts anticipate that Texas Instruments Incorporated will post 5.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 12th. Stockholders of record on Wednesday, July 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Tuesday, July 30th. Texas Instruments’s dividend payout ratio is currently 56.83%.

Several equities analysts recently commented on the company. Royal Bank of Canada restated a “sector perform” rating and set a $124.00 target price on shares of Texas Instruments in a research report on Tuesday, April 30th. Credit Suisse Group boosted their target price on Texas Instruments from $130.00 to $140.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating and set a $135.00 target price for the company in a research report on Saturday, July 27th. JPMorgan Chase & Co. boosted their target price on Texas Instruments from $130.00 to $138.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Finally, UBS Group restated a “sell” rating and set a $90.00 target price on shares of Texas Instruments in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.74.

In related news, SVP Bing Xie sold 52,299 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total value of $6,681,197.25. Following the sale, the senior vice president now owns 106,264 shares in the company, valued at approximately $13,575,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider R Gregory Delagi sold 198,610 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the sale, the insider now owns 102,652 shares in the company, valued at approximately $12,851,003.88. The disclosure for this sale can be found here. Insiders sold a total of 1,251,117 shares of company stock valued at $159,473,823 in the last three months. Corporate insiders own 0.89% of the company’s stock.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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