Parkside Investments LLC cut its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 12.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,507 shares of the semiconductor company’s stock after selling 4,461 shares during the period. Texas Instruments comprises approximately 1.6% of Parkside Investments LLC’s investment portfolio, making the stock its 28th biggest holding. Parkside Investments LLC’s holdings in Texas Instruments were worth $2,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rhumbline Advisers grew 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 in the last quarter. 1st Global Advisors Inc. bought a new position in shares of Texas Instruments in the first quarter valued at $406,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew 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 in the last quarter. American International Group Inc. grew 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 in the last quarter. Finally, Glenview State Bank Trust DEPT. grew its stake in shares of Texas Instruments by 1.0% in the second quarter. Glenview State Bank Trust DEPT. now owns 98,967 shares of the semiconductor company’s stock valued at $7,613,000 after buying an additional 950 shares in the last quarter. Institutional investors own 83.69% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at 84.84 on Friday. The firm has a market cap of $83.99 billion, a P/E ratio of 21.22 and a beta of 1.20. The company has a 50-day moving average price of $81.69 and a 200-day moving average price of $80.55. Texas Instruments Incorporated has a 1-year low of $66.80 and a 1-year high of $85.03.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.96 by $0.07. Texas Instruments had a return on equity of 36.52% and a net margin of 28.68%. The business had revenue of $3.69 billion during the quarter, compared to the consensus estimate of $3.57 billion. During the same quarter last year, the company earned $0.76 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

Several equities analysts recently weighed in on TXN shares. Raymond James Financial, Inc. reissued a “mkt perform” rating on shares of Texas Instruments in a research note on Friday, June 16th. Zacks Investment Research cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reissued a “buy” rating on shares of Texas Instruments in a research note on Monday, July 10th. Cowen and Company reissued a “hold” rating and issued a $82.00 target price on shares of Texas Instruments in a research note on Friday, July 14th. Finally, Barclays PLC raised their target price on shares of Texas Instruments from $77.00 to $83.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.18.

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In other Texas Instruments news, Director Robert E. Sanchez sold 26,905 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total value of $2,192,219.40. Following the completion of the transaction, the director now owns 27,565 shares in the company, valued at approximately $2,245,996.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Brian T. Crutcher sold 50,000 shares of the firm’s stock in a transaction dated 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 owns 201,440 shares of the company’s stock, valued at approximately $16,334,769.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,301 shares of company stock valued at $17,259,256. 0.96% of the stock is owned by corporate insiders.

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.

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

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