Texas Instruments Incorporated (TXN) Position Maintained by Notis McConarty Edward

Notis McConarty Edward continued to hold its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,100 shares of the semiconductor company’s stock at the end of the second quarter. Notis McConarty Edward’s holdings in Texas Instruments were worth $315,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. UMB Bank N A MO raised its stake in shares of Texas Instruments by 4.9% in the first quarter. UMB Bank N A MO now owns 326,697 shares of the semiconductor company’s stock valued at $26,319,000 after buying an additional 15,401 shares during the period. Rhumbline Advisers raised its stake in shares of Texas Instruments by 0.9% in the first quarter. Rhumbline Advisers now owns 1,753,135 shares of the semiconductor company’s stock valued at $141,233,000 after buying an additional 15,099 shares during the period. 1st Global Advisors Inc. bought a new stake in shares of Texas Instruments during the first quarter valued at about $406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Texas Instruments by 29.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 74,152 shares of the semiconductor company’s stock valued at $5,974,000 after buying an additional 16,857 shares during the period. Finally, American International Group Inc. raised its stake in shares of Texas Instruments by 1.6% in the first quarter. American International Group Inc. now owns 471,415 shares of the semiconductor company’s stock valued at $37,977,000 after buying an additional 7,369 shares during the period. Institutional investors and hedge funds own 84.71% of the company’s stock.

Shares of Texas Instruments Incorporated (NASDAQ:TXN) traded up 1.09% on Tuesday, hitting $80.76. 1,953,254 shares of the company were exchanged. Texas Instruments Incorporated has a 52-week low of $66.30 and a 52-week high of $84.65. The firm has a market cap of $79.96 billion, a P/E ratio of 20.20 and a beta of 1.21. The company has a 50-day moving average price of $80.81 and a 200 day moving average price of $79.86.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $3.69 billion for the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the firm posted $0.76 earnings per share. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. Analysts predict 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. Investors of record on Monday, July 31st were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 annualized dividend and a yield of 2.50%. Texas Instruments’s payout ratio is 50.51%.

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A number of equities analysts recently weighed in on TXN shares. Deutsche Bank AG restated a “hold” rating and set a $75.00 price target (up from $73.00) on shares of Texas Instruments in a research report on Saturday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $84.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $90.00 price target on shares of Texas Instruments in a research report on Tuesday, April 25th. Vetr lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating and set a $89.16 price target on the stock. in a research report on Monday, April 24th. Finally, Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company 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 Texas Instruments stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction of $4,054,500.00. Following the sale, the chief operating officer now owns 201,440 shares in the company, valued at $16,334,769.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the sale, the insider now owns 252,257 shares in the company, valued at approximately $20,662,370.87. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock worth $17,259,256 in the last 90 days. 0.96% of the stock is currently owned by 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.