Asset Planning Services Inc. LA ADV decreased its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 4.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,835 shares of the semiconductor company’s stock after selling 1,525 shares during the quarter. Texas Instruments makes up approximately 3.7% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 11th largest holding. Asset Planning Services Inc. LA ADV’s holdings in Texas Instruments were worth $5,717,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Magellan Asset Management Ltd acquired a new position in Texas Instruments during the 3rd quarter worth $25,000. Capital Advisors Ltd. LLC lifted its holdings in Texas Instruments by 240.0% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 204 shares of the semiconductor company’s stock worth $29,000 after buying an additional 144 shares in the last quarter. Price Wealth LLC lifted its holdings in Texas Instruments by 98.2% during the 3rd quarter. Price Wealth LLC now owns 218 shares of the semiconductor company’s stock worth $31,000 after buying an additional 108 shares in the last quarter. Crewe Advisors LLC acquired a new position in Texas Instruments during the 3rd quarter worth $32,000. Finally, Ellevest Inc. lifted its holdings in Texas Instruments by 67.6% during the 3rd quarter. Ellevest Inc. now owns 228 shares of the semiconductor company’s stock worth $33,000 after buying an additional 92 shares in the last quarter. 82.91% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on TXN shares. Bank of America upped their price objective on Texas Instruments from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, October 16th. BidaskClub downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 12th. Oppenheimer increased their price target on Texas Instruments from $150.00 to $170.00 and gave the company an “outperform” rating in a research note on Friday, October 16th. Rosenblatt Securities increased their price target on Texas Instruments from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, October 20th. Finally, Truist increased their price target on Texas Instruments from $149.00 to $162.00 in a research note on Wednesday, October 21st. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $152.11.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, October 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.17. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.45 billion. Texas Instruments had a return on equity of 60.61% and a net margin of 36.83%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.49 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.15 earnings per share for the current year.
In other news, VP Ahmad Bahai sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $152.74, for a total value of $610,960.00. Following the completion of the transaction, the vice president now owns 28,076 shares in the company, valued at approximately $4,288,328.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kyle M. Flessner sold 24,955 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $161.63, for a total value of $4,033,476.65. Following the completion of the transaction, the vice president now owns 78,117 shares of the company’s stock, valued at approximately $12,626,050.71. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,462 shares of company stock valued at $12,281,336. Corporate insiders own 0.73% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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