United Services Automobile Association Has $158.35 Million Position in Texas Instruments Incorporated (TXN)

United Services Automobile Association reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 8.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,965,658 shares of the semiconductor company’s stock after selling 191,079 shares during the period. United Services Automobile Association owned about 0.20% of Texas Instruments worth $158,353,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Hudock Capital Group LLC raised its position in Texas Instruments by 0.4% in the first quarter. Hudock Capital Group LLC now owns 1,977 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 7 shares in the last quarter. Tradewinds Capital Management LLC raised its position in Texas Instruments by 0.4% in the first quarter. Tradewinds Capital Management LLC now owns 1,988 shares of the semiconductor company’s stock valued at $160,000 after buying an additional 8 shares in the last quarter. Reynders McVeigh Capital Management LLC raised its position in shares of Texas Instruments by 0.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 3,255 shares of the semiconductor company’s stock valued at $262,000 after buying an additional 25 shares during the period. RB Capital Management LLC raised its position in shares of Texas Instruments by 0.6% in the first quarter. RB Capital Management LLC now owns 5,177 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 31 shares during the period. Finally, WMS Partners LLC raised its position in shares of Texas Instruments by 1.1% in the first quarter. WMS Partners LLC now owns 3,125 shares of the semiconductor company’s stock valued at $252,000 after buying an additional 35 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Texas Instruments Incorporated (TXN) opened at 81.71 on Wednesday. The stock’s 50 day moving average is $79.91 and its 200-day moving average is $79.37. The stock has a market capitalization of $81.03 billion, a price-to-earnings ratio of 20.31 and a beta of 1.21. Texas Instruments Incorporated has a one year low of $66.30 and a one year high of $84.65.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, July 25th. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analyst estimates of $3.57 billion. During the same period last year, the business earned $0.76 EPS. Texas Instruments’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Texas Instruments Incorporated will post $4.11 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 $0.50 dividend. The ex-dividend date is Thursday, July 27th. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. Texas Instruments’s dividend payout ratio is presently 50.51%.

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Several brokerages have issued reports on TXN. B. Riley restated a “neutral” rating and set a $83.00 target price on shares of Texas Instruments in a research report on Wednesday, April 26th. UBS AG restated a “buy” rating and set a $93.00 target price (up previously from $91.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Loop Capital restated a “hold” rating and set a $84.00 target price (up previously from $79.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. Barclays PLC dropped their target price on Texas Instruments from $78.00 to $83.00 in a research report on Wednesday, July 26th. Finally, SunTrust Banks, Inc. restated a “hold” rating and set a $86.00 target price (up previously from $84.00) on shares of Texas Instruments in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Texas Instruments has a consensus rating of “Buy” and an average target price of $85.96.

In other Texas Instruments news, insider Niels Anderskouv sold 32,420 shares of Texas Instruments stock in a transaction on Friday, May 12th. The shares were sold at an average price of $80.61, for a total value of $2,613,376.20. Following the transaction, the insider now directly owns 102,028 shares in the company, valued at $8,224,477.08. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Carrie Smith Cox sold 14,000 shares of Texas Instruments 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 completion of the transaction, the director now owns 38,435 shares in the company, valued at $3,161,278.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 180,780 shares of company stock worth $14,570,107. 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.

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

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