Metropolitan Life Insurance Co. NY decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 532,874 shares of the semiconductor company’s stock after selling 7,249 shares during the period. Metropolitan Life Insurance Co. NY owned 0.05% of Texas Instruments worth $42,928,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of TXN. ClariVest Asset Management LLC increased its stake in shares of Texas Instruments by 8.4% in the first quarter. ClariVest Asset Management LLC now owns 1,296 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 100 shares in the last quarter. Balentine LLC increased its stake in shares of Texas Instruments by 6.5% in the first quarter. Balentine LLC now owns 1,320 shares of the semiconductor company’s stock valued at $106,000 after buying an additional 80 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in shares of Texas Instruments by 33.2% in the first quarter. TCI Wealth Advisors Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 333 shares in the last quarter. Westside Investment Management Inc. increased its stake in shares of Texas Instruments by 9.1% in the first quarter. Westside Investment Management Inc. now owns 1,452 shares of the semiconductor company’s stock valued at $116,000 after buying an additional 121 shares in the last quarter. Finally, Lee Financial Co increased its stake in shares of Texas Instruments by 3.4% in the first quarter. Lee Financial Co now owns 1,460 shares of the semiconductor company’s stock valued at $118,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 84.64% of the company’s stock.

Shares of Texas Instruments Incorporated (TXN) traded up 0.66% on Friday, hitting $80.89. The stock had a trading volume of 3,426,144 shares. The firm’s 50-day moving average price is $80.24 and its 200 day moving average price is $79.66. The firm has a market cap of $80.08 billion, a P/E ratio of 20.23 and a beta of 1.21. Texas Instruments Incorporated has a 12 month low of $66.30 and a 12 month high of $84.65.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results 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 firm 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 earned $0.76 EPS. The company’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.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Monday, July 31st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 27th. This represents a $2.00 annualized dividend and a dividend yield of 2.47%. Texas Instruments’s dividend payout ratio (DPR) is presently 50.51%.

ILLEGAL ACTIVITY NOTICE: This report was first published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://theolympiareport.com/2017/08/12/texas-instruments-incorporated-txn-position-reduced-by-metropolitan-life-insurance-co-ny.html.

A number of equities analysts have recently issued reports on the company. B. Riley restated a “neutral” rating and issued a $83.00 price target on shares of Texas Instruments in a research note on Wednesday, April 26th. UBS AG restated a “buy” rating and issued a $93.00 price target (up from $91.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Royal Bank Of Canada raised their price target on Texas Instruments from $95.00 to $96.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. SunTrust Banks, Inc. restated a “hold” rating and issued a $86.00 price target (up from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Finally, Cowen and Company restated a “market perform” rating and issued a $85.00 price target (up from $82.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $85.96.

In related news, Director Carrie Smith Cox sold 14,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now owns 38,435 shares in the company, valued at approximately $3,161,278.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $81.48, for a total transaction of $2,192,219.40. Following the transaction, the director now owns 27,565 shares of the company’s stock, valued at approximately $2,245,996.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,905 shares of company stock valued at $7,398,219. Insiders own 0.96% of the company’s stock.

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)

Receive News & Ratings for Texas Instruments Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.