USA Financial Formulas acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,537 shares of the semiconductor company’s stock, valued at approximately $1,226,000.
Other institutional investors also recently modified their holdings of the company. MidAtlantic Capital Management Inc. bought a new stake in shares of Texas Instruments during the 3rd quarter valued at about $28,000. Tsfg LLC lifted its holdings in Texas Instruments by 82.0% in the third quarter. Tsfg LLC now owns 182 shares of the semiconductor company’s stock worth $38,000 after buying an additional 82 shares during the period. Capital Performance Advisors LLP bought a new stake in Texas Instruments during the 3rd quarter valued at approximately $39,000. FSA Wealth Management LLC purchased a new position in shares of Texas Instruments during the 3rd quarter worth approximately $41,000. Finally, McClarren Financial Advisors Inc. purchased a new position in shares of Texas Instruments during the 3rd quarter worth approximately $43,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
TXN has been the topic of several recent research reports. Bank of America reduced their price target on Texas Instruments from $220.00 to $215.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Susquehanna decreased their price target on shares of Texas Instruments from $250.00 to $240.00 and set a “positive” rating for the company in a research note on Monday, October 21st. Summit Insights raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley lifted their target price on shares of Texas Instruments from $154.00 to $167.00 and gave the company an “underweight” rating in a report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $209.71.
Insider Buying and Selling
In other news, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $208.80, for a total value of $2,085,912.00. Following the completion of the sale, the director now directly owns 20,461 shares of the company’s stock, valued at $4,272,256.80. This trade represents a 32.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald Kirk sold 10,539 shares of Texas Instruments stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the completion of the transaction, the director now owns 14,323 shares of the company’s stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.
Texas Instruments Price Performance
NASDAQ:TXN opened at $197.51 on Thursday. The stock has a market cap of $180.17 billion, a PE ratio of 36.71, a P/E/G ratio of 3.69 and a beta of 0.98. The company has a quick ratio of 3.14, a current ratio of 4.31 and a debt-to-equity ratio of 0.74. The business’s 50-day simple moving average is $196.30 and its two-hundred day simple moving average is $199.76. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38.
Texas Instruments (NASDAQ:TXN – Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.12 billion. During the same period in the previous year, the firm earned $1.80 EPS. The firm’s revenue was down 8.4% compared to the same quarter last year. As a group, analysts forecast that Texas Instruments Incorporated will post 5.08 EPS for the current fiscal year.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.
Featured Stories
- Five stocks we like better than Texas Instruments
- Why Are Stock Sectors Important to Successful Investing?
- Penny Stock BranchOut Food: Why It Won’t Stay Cheap for Long
- Overbought Stocks Explained: Should You Trade Them?
- Bull Case for Transocean Stock: 100% Upside Could Be Within Reach
- Roth IRA Calculator: Calculate Your Potential Returns
- Advance Auto Parts: Retail Trends Suggest Big Gains Ahead
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.