Smith Asset Management Group LP bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 126,500 shares of the semiconductor company’s stock, valued at approximately $9,732,000.

A number of other institutional investors have also recently made changes to their positions in TXN. Teacher Retirement System of Texas raised its position in Texas Instruments by 12.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 736,765 shares of the semiconductor company’s stock valued at $56,679,000 after purchasing an additional 79,451 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Texas Instruments by 16.7% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 1,164,013 shares of the semiconductor company’s stock valued at $89,782,000 after purchasing an additional 166,575 shares in the last quarter. First Trust Advisors LP raised its position in Texas Instruments by 8.7% in the 2nd quarter. First Trust Advisors LP now owns 1,824,625 shares of the semiconductor company’s stock valued at $140,368,000 after purchasing an additional 146,343 shares in the last quarter. National Planning Corp acquired a new stake in Texas Instruments in the 2nd quarter valued at about $240,000. Finally, Schwab Charles Investment Management Inc. raised its position in Texas Instruments by 4.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,780,095 shares of the semiconductor company’s stock valued at $367,733,000 after purchasing an additional 185,636 shares in the last quarter. Institutional investors own 83.69% of the company’s stock.

A number of equities research analysts have issued reports on the company. BidaskClub lowered Texas Instruments from a “strong-buy” rating to a “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 on the stock 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. Cowen and Company reaffirmed a “hold” rating and issued a $82.00 price target on shares of Texas Instruments in a research report on Friday, July 14th. Finally, Barclays PLC increased their price target on Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $86.18.

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Texas Instruments Incorporated (NASDAQ:TXN) opened at 82.89 on Wednesday. The stock has a market capitalization of $82.06 billion, a P/E ratio of 20.73 and a beta of 1.20. Texas Instruments Incorporated has a 52 week low of $66.80 and a 52 week high of $84.65. The firm has a 50 day moving average price of $81.46 and a 200 day moving average price of $80.41.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07. The business had revenue of $3.69 billion for the quarter, compared to analysts’ expectations of $3.57 billion. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. Equities research analysts predict that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Thursday, July 27th. Texas Instruments’s payout ratio is 50.51%.

In related news, insider Kevin J. Ritchie sold 105,396 shares of the stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total value 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 approximately $20,662,370.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the 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 of the company’s stock, valued at $16,334,769.60. The disclosure for this sale can be found here. Insiders have sold a total of 211,301 shares of company stock worth $17,259,256 over the last quarter. 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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