Conning Inc. Has $46.74 Million Holdings in Texas Instruments Incorporated (TXN)

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Conning Inc. decreased its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 5.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,620 shares of the semiconductor company’s stock after selling 27,144 shares during the quarter. Texas Instruments makes up 1.5% of Conning Inc.’s portfolio, making the stock its 16th biggest holding. Conning Inc.’s holdings in Texas Instruments were worth $46,737,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Texas Instruments by 3.4% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after buying an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its stake in shares of Texas Instruments by 1.0% in the 4th quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 102 shares during the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Texas Instruments by 0.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 17,387 shares of the semiconductor company’s stock valued at $1,868,000 after purchasing an additional 102 shares during the last quarter. Balasa Dinverno & Foltz LLC lifted its stake in shares of Texas Instruments by 1.2% in the 4th quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 103 shares during the last quarter. Finally, CAPROCK Group Inc. lifted its stake in shares of Texas Instruments by 0.6% in the 1st quarter. CAPROCK Group Inc. now owns 18,647 shares of the semiconductor company’s stock valued at $1,978,000 after purchasing an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

NASDAQ TXN traded down $0.56 on Monday, reaching $114.95. 3,387,816 shares of the stock traded hands, compared to its average volume of 5,594,897. The company has a quick ratio of 2.38, a current ratio of 3.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $107.76 billion, a PE ratio of 21.21, a price-to-earnings-growth ratio of 2.20 and a beta of 1.17. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $118.48.

Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. Texas Instruments’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $1.09 EPS. On average, research analysts expect that Texas Instruments Incorporated will post 5.19 earnings per share for the current year.

TXN has been the subject of several analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research note on Thursday, January 24th. BidaskClub lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. ValuEngine lowered Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, DZ Bank lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $109.25.

In other Texas Instruments news, insider Hagop H. Kozanian sold 9,061 shares of Texas Instruments stock in a transaction on Monday, January 28th. The stock was sold at an average price of $102.60, for a total transaction of $929,658.60. Following the completion of the sale, the insider now directly owns 40,164 shares of the company’s stock, valued at approximately $4,120,826.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Haren Julie Van sold 3,953 shares of Texas Instruments stock in a transaction on Monday, January 28th. The shares were sold at an average price of $101.88, for a total value of $402,731.64. Following the sale, the vice president now directly owns 30,523 shares of the company’s stock, valued at $3,109,683.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 256,061 shares of company stock valued at $26,536,471. 0.89% of the stock is currently owned by corporate insiders.

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About Texas Instruments

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

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