Pointe Capital Management LLC purchased a new position in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The firm purchased 7,013 shares of the semiconductor company’s stock, valued at approximately $565,000.

A number of other hedge funds have also made changes to their positions in TXN. Hudock Capital Group LLC raised its stake in shares of Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock worth $159,000 after buying an additional 7 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after buying an additional 8 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its stake in shares of Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock worth $262,000 after buying an additional 25 shares during the last quarter. Guardian Life Insurance Co. of America raised its stake in shares of Texas Instruments by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after buying an additional 26 shares during the last quarter. Finally, RB Capital Management LLC raised its stake in shares of Texas Instruments by 0.6% in the first quarter. RB Capital Management LLC now owns 5,177 shares of the semiconductor company’s stock worth $417,000 after buying an additional 31 shares during the last quarter. 84.71% of the stock is owned by institutional investors.

Texas Instruments Incorporated (NASDAQ TXN) traded up 0.39% during midday trading on Wednesday, hitting $82.27. The company had a trading volume of 1,053,648 shares. The stock’s 50-day moving average price is $80.42 and its 200-day moving average price is $79.74. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65. The stock has a market cap of $81.45 billion, a PE ratio of 20.58 and a beta of 1.21.

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

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

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TXN has been the subject of a number of research reports. B. Riley reiterated a “neutral” rating and issued a $83.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. Drexel Hamilton increased their price objective on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Jefferies Group LLC increased their price objective on Texas Instruments from $88.00 to $94.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Cowen and Company reiterated a “market perform” rating and issued a $85.00 price objective (up previously from $82.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Barclays PLC decreased their price objective on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $85.96.

In other news, insider Kevin J. Ritchie sold 105,396 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 252,257 shares in the company, valued at approximately $20,662,370.87. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction 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 sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,301 shares of company stock worth $17,259,256. Corporate insiders own 0.96% of the company’s stock.

Texas Instruments Company 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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