Morris Capital Advisors LLC held its stake in Texas Instruments Incorporated (NASDAQ:TXN) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,059 shares of the semiconductor company’s stock at the close of the second quarter. Morris Capital Advisors LLC’s holdings in Texas Instruments were worth $235,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in Texas Instruments by 1,924.6% during the 1st quarter. BlackRock Inc. now owns 64,718,640 shares of the semiconductor company’s stock valued at $5,213,733,000 after purchasing an additional 61,521,990 shares in the last quarter. Jennison Associates LLC grew its holdings in Texas Instruments by 370.0% during the 1st quarter. Jennison Associates LLC now owns 8,080,896 shares of the semiconductor company’s stock valued at $650,997,000 after purchasing an additional 6,361,577 shares in the last quarter. Vanguard Group Inc. grew its holdings in Texas Instruments by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 79,646,537 shares of the semiconductor company’s stock valued at $6,416,325,000 after purchasing an additional 3,551,400 shares in the last quarter. American Century Companies Inc. grew its holdings in Texas Instruments by 252.0% during the 1st quarter. American Century Companies Inc. now owns 3,346,324 shares of the semiconductor company’s stock valued at $269,580,000 after purchasing an additional 2,395,581 shares in the last quarter. Finally, Waddell & Reed Financial Inc. grew its holdings in Texas Instruments by 476.4% during the 1st quarter. Waddell & Reed Financial Inc. now owns 1,988,640 shares of the semiconductor company’s stock valued at $160,205,000 after purchasing an additional 1,643,640 shares in the last quarter. 83.69% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Texas Instruments in a report on Tuesday. Robert W. Baird reaffirmed a “hold” rating and set a $85.00 price target on shares of Texas Instruments in a report on Thursday, August 24th. B. Riley reaffirmed a “neutral” rating and set a $89.00 price target on shares of Texas Instruments in a report on Monday, July 31st. Finally, Zacks Investment Research raised shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Texas Instruments has an average rating of “Buy” and a consensus price target of $86.18.

Texas Instruments Incorporated (TXN) opened at 84.84 on Friday. Texas Instruments Incorporated has a 12 month low of $66.80 and a 12 month high of $85.03. The company’s 50-day moving average is $81.69 and its 200-day moving average is $80.55. The stock has a market capitalization of $83.99 billion, a P/E ratio of 21.22 and a beta of 1.20.

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, beating analysts’ consensus estimates 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 net margin of 28.68% and a return on equity of 36.52%. Texas Instruments’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS. Equities analysts anticipate that Texas Instruments Incorporated will post $4.13 earnings per share for the current year.

In other news, insider Ellen Barker sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $81.87, for a total transaction of $1,228,050.00. Following the completion of the transaction, the insider now directly owns 45,697 shares of the company’s stock, valued at approximately $3,741,213.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin J. Ritchie sold 105,396 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following 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. Over the last three months, insiders have sold 211,301 shares of company stock valued at $17,259,256. 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.

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

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