Texas Instruments Incorporated (TXN) Position Decreased by B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund

B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 7.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 17,430 shares of the semiconductor company’s stock after selling 1,415 shares during the period. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in Texas Instruments were worth $1,404,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. ClariVest Asset Management LLC boosted its stake in 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 during the period. Balentine LLC boosted its stake in 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 during the period. TCI Wealth Advisors Inc. boosted its stake in 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 during the period. Westside Investment Management Inc. boosted its stake in 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 during the period. Finally, Lee Financial Co boosted its stake in 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 during the period. 84.71% of the stock is currently owned by institutional investors.

Shares of Texas Instruments Incorporated (NASDAQ TXN) traded down 0.22% during mid-day trading on Friday, reaching $79.97. The company had a trading volume of 3,626,698 shares. The stock has a 50 day moving average of $80.72 and a 200-day moving average of $79.77. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 20.00 and a beta of 1.21. Texas Instruments Incorporated has a 52 week low of $66.30 and a 52 week high of $84.65.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Monday, July 31st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.50%. Texas Instruments’s dividend payout ratio is currently 50.51%.

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Several equities research analysts recently commented on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $93.00 price objective on shares of Texas Instruments in a research report on Wednesday, April 26th. Royal Bank Of Canada increased their price objective on Texas Instruments from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Wednesday, July 26th. Instinet reaffirmed a “neutral” rating and set a $75.00 price objective (up from $70.00) on shares of Texas Instruments in a research report on Saturday, April 29th. UBS AG reaffirmed a “buy” rating and set a $93.00 price objective (up from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Finally, Loop Capital reaffirmed a “hold” rating and set a $84.00 price objective (up from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $85.96.

In other news, 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 value of $8,632,986.36. Following the transaction, the insider now owns 252,257 shares in the company, valued at $20,662,370.87. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Carrie Smith Cox sold 14,000 shares of the firm’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 value 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 disclosure for this sale can be found here. Insiders have sold 211,301 shares of company stock worth $17,259,256 in the last quarter. 0.96% of the stock is currently 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.

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

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