Texas Instruments Incorporated (TXN) Shares Sold by HM Payson & Co.

HM Payson & Co. cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 66,919 shares of the semiconductor company’s stock after selling 286 shares during the quarter. HM Payson & Co.’s holdings in Texas Instruments were worth $5,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Enterprise Financial Services Corp boosted its position in Texas Instruments by 0.3% during the 2nd quarter. Enterprise Financial Services Corp now owns 1,481 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 4 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in Texas Instruments by 0.4% during the 1st quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock worth $160,000 after acquiring an additional 8 shares during the last quarter. Financial Advisory Service Inc. boosted its position in Texas Instruments by 0.4% during the 2nd quarter. Financial Advisory Service Inc. now owns 3,171 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 12 shares during the last quarter. TNB Financial boosted its position in Texas Instruments by 0.5% during the 2nd quarter. TNB Financial now owns 2,879 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 14 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in Texas Instruments by 0.7% during the 1st quarter. Guardian Life Insurance Co. of America now owns 3,855 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 83.68% of the company’s stock.

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Texas Instruments Incorporated (NASDAQ:TXN) opened at 85.83 on Thursday. The firm has a 50-day moving average price of $82.00 and a 200-day moving average price of $80.72. The firm has a market capitalization of $84.97 billion, a price-to-earnings ratio of 21.47 and a beta of 1.20. Texas Instruments Incorporated has a one year low of $66.80 and a one year high of $87.24.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.07. The firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 earnings per share. Analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current year.

In other Texas Instruments news, COO Brian T. Crutcher sold 50,000 shares of the business’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 directly owns 201,440 shares in the company, valued at $16,334,769.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total value of $1,151,500.00. Following the completion of the sale, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,301 shares of company stock worth $17,259,256. Corporate insiders own 0.96% of the company’s stock.

A number of research firms have weighed in on TXN. BidaskClub raised Texas Instruments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a research report on Thursday, July 27th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a research report on Tuesday, September 12th. Cowen and Company reaffirmed a “hold” rating and set a $82.00 price target on shares of Texas Instruments in a research report on Friday, July 14th. Finally, Barclays PLC upped their price target on Texas Instruments from $77.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $86.18.

Texas Instruments 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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