Marvin & Palmer Associates Inc. boosted its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 26.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,835 shares of the semiconductor company’s stock after buying an additional 18,180 shares during the period. Texas Instruments makes up about 5.1% of Marvin & Palmer Associates Inc.’s holdings, making the stock its 2nd largest position. Marvin & Palmer Associates Inc.’s holdings in Texas Instruments were worth $7,076,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. CENTRAL TRUST Co raised its position in shares of Texas Instruments by 0.3% in the first quarter. CENTRAL TRUST Co now owns 33,608 shares of the semiconductor company’s stock worth $2,707,000 after buying an additional 90 shares during the last quarter. Manning & Napier Advisors LLC raised its stake in Texas Instruments by 4.9% in the first quarter. Manning & Napier Advisors LLC now owns 155,157 shares of the semiconductor company’s stock valued at $12,498,000 after buying an additional 7,293 shares during the last quarter. UMB Bank N A MO raised its stake in 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 last quarter. Wealthfront Inc. raised its stake in Texas Instruments by 6.3% in the fourth quarter. Wealthfront Inc. now owns 40,448 shares of the semiconductor company’s stock valued at $2,951,000 after buying an additional 2,401 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in 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 last quarter. 84.71% of the stock is owned by institutional investors.

Shares of Texas Instruments Incorporated (TXN) traded down 0.22% during mid-day trading on Friday, reaching $79.97. The company’s stock had a trading volume of 3,626,698 shares. The stock has a market capitalization of $79.17 billion, a price-to-earnings ratio of 20.00 and a beta of 1.21. The company’s 50-day moving average is $80.72 and its 200-day moving average is $79.77. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.57 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Texas Instruments’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts predict that Texas Instruments Incorporated will post $4.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were paid 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 dividend payout ratio is presently 50.51%.

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TXN has been the subject of several analyst reports. Barclays PLC lowered their price objective on Texas Instruments from $78.00 to $83.00 in a research note on Wednesday, July 26th. Drexel Hamilton reaffirmed a “buy” rating and issued a $93.00 price objective on shares of Texas Instruments in a research note on Wednesday, April 26th. Jefferies Group LLC raised their price objective on Texas Instruments from $88.00 to $94.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Credit Suisse Group reiterated a “buy” rating and issued a $95.00 price target on shares of Texas Instruments in a report on Thursday, April 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $93.00 price target (up from $90.00) on shares of Texas Instruments in a report on Saturday, April 29th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $85.96.

In related news, Director Carrie Smith Cox sold 14,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 252,257 shares of the company’s stock, valued at $20,662,370.87. The disclosure for this sale can be found here. Insiders sold 211,301 shares of company stock valued at $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.

Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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