Trust Department MB Financial Bank N A lowered its position in Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 99,850 shares of the semiconductor company’s stock after selling 1,073 shares during the period. Trust Department MB Financial Bank N A’s holdings in Texas Instruments were worth $7,681,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the company. Peachtree Investment Advisors Inc. boosted its position in shares of Texas Instruments by 0.7% in the second quarter. Peachtree Investment Advisors Inc. now owns 27,675 shares of the semiconductor company’s stock worth $2,129,000 after buying an additional 200 shares during the period. Acropolis Investment Management LLC boosted its position in shares of Texas Instruments by 11.2% in the second quarter. Acropolis Investment Management LLC now owns 7,670 shares of the semiconductor company’s stock worth $590,000 after buying an additional 775 shares during the period. Bank of The West boosted its position in shares of Texas Instruments by 9.7% in the second quarter. Bank of The West now owns 6,836 shares of the semiconductor company’s stock worth $526,000 after buying an additional 603 shares during the period. Pennsylvania Trust Co boosted its position in shares of Texas Instruments by 11.6% in the second quarter. Pennsylvania Trust Co now owns 101,123 shares of the semiconductor company’s stock worth $7,779,000 after buying an additional 10,522 shares during the period. Finally, Hays Advisory LLC boosted its position in shares of Texas Instruments by 4.5% in the second quarter. Hays Advisory LLC now owns 3,905 shares of the semiconductor company’s stock worth $300,000 after buying an additional 168 shares during the period. 83.67% of the stock is owned by hedge funds and other institutional investors.

Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.056% on Tuesday, reaching $80.805. The company’s stock had a trading volume of 900,384 shares. The company has a market capitalization of $80.00 billion, a price-to-earnings ratio of 20.211 and a beta of 1.21. The firm’s 50 day moving average price is $81.17 and its 200-day moving average price is $79.94. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65.

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. The business had revenue of $3.69 billion for the quarter, compared to the consensus estimate of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. Texas Instruments’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend was Thursday, July 27th. Texas Instruments’s payout ratio is currently 50.51%.

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A number of brokerages recently commented on TXN. Zacks Investment Research upgraded Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Thursday, July 27th. Cowen and Company restated a “hold” rating and set a $82.00 target price on shares of Texas Instruments in a report on Friday, July 14th. Barclays PLC raised their target price on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. Royal Bank Of Canada raised their target price on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Finally, Citigroup Inc. raised their target price on Texas Instruments from $87.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently 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 business’s 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 transaction, the director now directly owns 38,435 shares of the company’s stock, valued at approximately $3,161,278.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Brian T. Crutcher sold 50,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 201,440 shares in the company, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders sold a total of 211,301 shares of company stock worth $17,259,256 over the last three months. 0.96% of the stock is owned by company insiders.

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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