Glenmede Trust Co. NA held its position in Texas Instruments Incorporated (NASDAQ:TXN) during the first quarter, Holdings Channel reports. The fund owned 876,810 shares of the semiconductor company’s stock at the end of the first quarter. Glenmede Trust Co. NA’s holdings in Texas Instruments were worth $63,980,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TXN. ClariVest Asset Management LLC boosted 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 boosted 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. boosted 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. boosted 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 boosted 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. Hedge funds and other institutional investors own 84.64% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) traded up 0.66% during midday trading on Friday, reaching $80.89. 3,426,144 shares of the company’s stock were exchanged. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65. The firm has a market capitalization of $80.08 billion, a P/E ratio of 20.23 and a beta of 1.21. The stock’s 50 day moving average is $80.24 and its 200 day moving average is $79.66.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Tuesday, July 25th. The semiconductor company reported $1.03 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $3.57 billion. During the same period in the previous year, the firm earned $0.76 earnings per share. Texas Instruments’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, analysts expect that Texas Instruments Incorporated will post $4.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Shareholders of record on Monday, July 31st will be paid 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 yield of 2.47%. Texas Instruments’s dividend payout ratio is currently 50.51%.

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TXN has been the subject of several research reports. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $83.00 price objective (up previously from $78.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $86.00 price objective (up previously from $84.00) on shares of Texas Instruments in a research note on Wednesday, July 26th. Cowen and Company upped their price objective on shares of Texas Instruments from $77.00 to $82.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, Barclays PLC upped their price objective 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 investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Instruments currently has a consensus rating of “Buy” and an average price target of $85.96.

In other Texas Instruments news, Director Carrie Smith Cox sold 14,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 38,435 shares in the company, valued at $3,161,278.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Brian T. Crutcher sold 50,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $81.09, for a total transaction 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 $16,334,769.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,905 shares of company stock valued at $7,398,219. 0.96% of the stock is owned by 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.

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

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