Gotham Asset Management LLC cut its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 20.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 478,144 shares of the semiconductor company’s stock after selling 123,093 shares during the period. Texas Instruments accounts for about 0.5% of Gotham Asset Management LLC’s investment portfolio, making the stock its 26th largest position. Gotham Asset Management LLC’s holdings in Texas Instruments were worth $38,519,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Affinity Wealth Management raised its stake in Texas Instruments by 25.4% in the first quarter. Affinity Wealth Management now owns 4,942 shares of the semiconductor company’s stock valued at $398,000 after buying an additional 1,001 shares during the period. Howard Capital Management raised its stake in Texas Instruments by 5.4% in the first quarter. Howard Capital Management now owns 7,249 shares of the semiconductor company’s stock valued at $584,000 after buying an additional 370 shares during the period. Doyle Wealth Management bought a new stake in Texas Instruments during the first quarter valued at approximately $452,000. Norway Savings Bank raised its stake in Texas Instruments by 16.0% in the first quarter. Norway Savings Bank now owns 1,508 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 208 shares during the period. Finally, Tompkins Financial Corp raised its stake in Texas Instruments by 25.1% in the first quarter. Tompkins Financial Corp now owns 6,687 shares of the semiconductor company’s stock valued at $384,000 after buying an additional 1,340 shares during the period. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.5148% during midday trading on Friday, reaching $80.7737. The company’s stock had a trading volume of 1,209,558 shares. The firm has a market cap of $79.97 billion, a price-to-earnings ratio of 20.2035 and a beta of 1.21. The company has a 50 day moving average price of $80.19 and a 200 day moving average price of $79.63. Texas Instruments Incorporated has a 1-year low of $66.30 and a 1-year high of $84.65.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Monday, July 31st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Thursday, July 27th. Texas Instruments’s dividend payout ratio (DPR) is 50.51%.

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Several analysts recently commented on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 target price on shares of Texas Instruments in a report on Wednesday, April 26th. Royal Bank Of Canada raised their target price on Texas Instruments from $95.00 to $96.00 and gave the stock an “outperform” rating in a report on Wednesday, July 26th. Instinet reaffirmed a “neutral” rating and set a $75.00 target price (up from $70.00) on shares of Texas Instruments in a report on Saturday, April 29th. UBS AG reaffirmed a “buy” rating and set a $93.00 target price (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 target price (up from $79.00) on shares of Texas Instruments in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $85.96.

In other news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the sale, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $81.09, for a total value of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares in the company, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold 90,905 shares of company stock worth $7,398,219 in the last 90 days. 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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