Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Sigma Planning Corp

Sigma Planning Corp reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 59.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,381 shares of the semiconductor company’s stock after selling 12,545 shares during the period. Sigma Planning Corp’s holdings in Texas Instruments were worth $1,429,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of TXN. Morgan Stanley raised its stake in shares of Texas Instruments by 14.2% in the third quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock valued at $2,250,685,000 after acquiring an additional 1,755,582 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Texas Instruments by 565.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,693,577 shares of the semiconductor company’s stock valued at $288,687,000 after acquiring an additional 1,439,066 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Texas Instruments by 338.4% in the fourth quarter. Baillie Gifford & Co. now owns 1,795,191 shares of the semiconductor company’s stock valued at $306,008,000 after acquiring an additional 1,385,725 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Texas Instruments in the third quarter valued at $196,135,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Texas Instruments by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock valued at $2,986,123,000 after acquiring an additional 839,964 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.68% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on TXN shares. Evercore ISI started coverage on Texas Instruments in a report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price on the stock. Susquehanna dropped their target price on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Truist Financial dropped their target price on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Barclays dropped their target price on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Texas Instruments presently has an average rating of “Hold” and a consensus price target of $176.68.

Texas Instruments Stock Performance

Shares of TXN stock opened at $163.43 on Tuesday. The stock has a market capitalization of $148.73 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The stock’s 50-day moving average price is $168.15 and its 200 day moving average price is $161.84. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.03. The firm had revenue of $4.08 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 EPS. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.16 EPS for the current 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.