Metropolitan Life Insurance Co. NY lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the first quarter, Holdings Channel reports. The fund owned 532,874 shares of the semiconductor company’s stock after selling 7,249 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Texas Instruments were worth $42,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TNB Financial purchased a new stake in shares of Texas Instruments during the first quarter worth $231,000. Honkamp Krueger Financial Services Inc. raised its stake in shares of Texas Instruments by 241.8% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 10,069 shares of the semiconductor company’s stock worth $811,000 after buying an additional 7,123 shares during the last quarter. Hall Laurie J Trustee raised its stake in shares of Texas Instruments by 8.1% in the first quarter. Hall Laurie J Trustee now owns 2,540 shares of the semiconductor company’s stock worth $203,000 after buying an additional 190 shares during the last quarter. Private Bank & Trust Co. purchased a new stake in shares of Texas Instruments during the first quarter worth $213,000. Finally, Hays Advisory LLC raised its stake in shares of Texas Instruments by 9.3% in the first quarter. Hays Advisory LLC now owns 3,737 shares of the semiconductor company’s stock worth $301,000 after buying an additional 317 shares during the last quarter. 84.64% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.66% during trading on Friday, hitting $80.89. 3,426,144 shares of the stock were exchanged. The firm has a market cap of $80.08 billion, a PE ratio of 20.23 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 stock’s 50-day moving average price is $80.24 and its 200-day moving average price is $79.66.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS 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 company had revenue of $3.69 billion during the quarter, compared to analysts’ expectations of $3.57 billion. During the same period last year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. 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 a number of analyst reports. Barclays PLC reduced their price objective on shares of Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price objective on the stock. in a report on Monday, April 24th. Rosenblatt Securities restated a “buy” rating and issued a $90.00 price objective on shares of Texas Instruments in a report on Wednesday, April 19th. BMO Capital Markets restated a “buy” rating and issued a $92.00 price objective on shares of Texas Instruments in a report on Monday, April 17th. Finally, Drexel Hamilton restated a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $85.96.

In other news, 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 value of $4,054,500.00. Following the completion of the sale, the chief operating officer now directly owns 201,440 shares of the company’s stock, valued at $16,334,769.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $1,151,500.00. Following the completion of the sale, the director now directly owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,905 shares of company stock valued at $7,398,219. Corporate insiders own 0.96% of the company’s stock.

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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