Dowling & Yahnke LLC decreased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,702 shares of the semiconductor company’s stock after selling 2,264 shares during the period. Dowling & Yahnke LLC’s holdings in Texas Instruments were worth $5,054,000 as of its most recent SEC filing.

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

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $82.25, for a total transaction of $1,151,500.00. Following the sale, the director now owns 38,435 shares of the company’s stock, valued at $3,161,278.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ellen Barker sold 15,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 45,697 shares in the company, valued at approximately $3,741,213.39. The disclosure for this sale can be found here. In the last three months, insiders sold 211,301 shares of company stock worth $17,259,256. 0.96% of the stock is currently owned by insiders.

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Texas Instruments Incorporated (NASDAQ:TXN) opened at 84.84 on Friday. Texas Instruments Incorporated has a 52-week low of $66.80 and a 52-week high of $85.03. The stock has a 50 day moving average price of $81.69 and a 200 day moving average price of $80.55. The company has a market capitalization of $83.99 billion, a price-to-earnings ratio of 21.22 and a beta of 1.20.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.57 billion. During the same quarter in the previous 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. Analysts anticipate that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

TXN has been the subject of a number of recent research reports. Barclays PLC dropped their target price on Texas Instruments from $78.00 to $83.00 in a report on Wednesday, July 26th. UBS AG reissued a “buy” rating and issued a $93.00 target price (up from $91.00) on shares of Texas Instruments in a report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating on shares of Texas Instruments in a report on Monday, July 10th. Citigroup Inc. increased their target price on Texas Instruments from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. Finally, Drexel Hamilton increased their target price on Texas Instruments from $93.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, July 26th. 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 assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $86.18.

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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