Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by First National Bank of Omaha

First National Bank of Omaha decreased its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 111,137 shares of the semiconductor company’s stock after selling 7,324 shares during the period. First National Bank of Omaha’s holdings in Texas Instruments were worth $8,550,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in TXN. Charter Trust Co. raised its stake in Texas Instruments by 13.9% in the first quarter. Charter Trust Co. now owns 38,675 shares of the semiconductor company’s stock valued at $3,116,000 after buying an additional 4,719 shares during the last quarter. Catawba Capital Management VA raised its stake in Texas Instruments by 6.9% in the first quarter. Catawba Capital Management VA now owns 24,565 shares of the semiconductor company’s stock valued at $1,979,000 after buying an additional 1,590 shares during the last quarter. Acropolis Investment Management LLC raised its stake in Texas Instruments by 9.0% in the first quarter. Acropolis Investment Management LLC now owns 6,895 shares of the semiconductor company’s stock valued at $555,000 after buying an additional 570 shares during the last quarter. West Oak Capital LLC raised its stake in Texas Instruments by 46.9% in the first quarter. West Oak Capital LLC now owns 18,672 shares of the semiconductor company’s stock valued at $1,504,000 after buying an additional 5,957 shares during the last quarter. Finally, Fulton Bank N.A. raised its stake in Texas Instruments by 7.7% in the first quarter. Fulton Bank N.A. now owns 12,729 shares of the semiconductor company’s stock valued at $1,025,000 after buying an additional 912 shares during the last quarter. Institutional investors and hedge funds own 84.71% of the company’s stock.

Texas Instruments Incorporated (NASDAQ TXN) opened at 82.46 on Thursday. Texas Instruments Incorporated has a 12-month low of $66.30 and a 12-month high of $84.65. The company has a 50-day moving average price of $80.57 and a 200-day moving average price of $79.76. The firm has a market cap of $81.64 billion, a PE ratio of 20.63 and a beta of 1.21.

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

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Monday, July 31st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. Texas Instruments’s payout ratio is 50.51%.

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Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Texas Instruments from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a research note on Thursday, July 27th. Robert W. Baird raised their price target on Texas Instruments from $80.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. Drexel Hamilton reissued a “buy” rating and set a $93.00 price target on shares of Texas Instruments in a research note on Wednesday, April 26th. Cowen and Company raised their price target on Texas Instruments from $77.00 to $82.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 26th. Finally, B. Riley reissued a “neutral” rating and set a $83.00 price target on shares of Texas Instruments in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $85.96.

In related news, insider Kevin J. Ritchie sold 105,396 shares of Texas Instruments stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $81.91, for a total transaction of $8,632,986.36. Following the completion of the transaction, the insider now directly owns 252,257 shares in the company, valued at approximately $20,662,370.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 26,905 shares of Texas Instruments stock in a transaction that occurred on 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 transaction, the director now owns 27,565 shares of the company’s stock, valued at $2,245,996.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,301 shares of company stock valued at $17,259,256. 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)

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