Acadian Asset Management LLC raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 16.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,155 shares of the semiconductor company’s stock after purchasing an additional 1,566 shares during the period. Acadian Asset Management LLC’s holdings in Texas Instruments were worth $1,280,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Farmers National Bank acquired a new stake in Texas Instruments during the first quarter valued at approximately $35,000. Icon Wealth Partners LLC acquired a new stake in shares of Texas Instruments during the first quarter valued at approximately $37,000. Global Wealth Management Investment Advisory Inc. increased its stake in Texas Instruments by 919.4% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 367 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 331 shares during the period. Shine Investment Advisory Services Inc. increased its stake in Texas Instruments by 348.8% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 359 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 279 shares during the period. Finally, HMS Capital Management LLC acquired a new position in Texas Instruments in the 2nd quarter valued at approximately $46,000. 85.69% of the stock is owned by institutional investors.
In other Texas Instruments news, SVP Bing Xie sold 52,299 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $127.75, for a total transaction of $6,681,197.25. Following the transaction, the senior vice president now directly owns 106,264 shares in the company, valued at approximately $13,575,226. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider R Gregory Delagi sold 198,610 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $125.19, for a total value of $24,863,985.90. Following the completion of the transaction, the insider now owns 102,652 shares in the company, valued at $12,851,003.88. The disclosure for this sale can be found here. Insiders have sold a total of 1,251,117 shares of company stock valued at $159,473,823 in the last three months. Insiders own 0.89% of the company’s stock.
TXN traded up $0.01 on Friday, hitting $130.23. 463,019 shares of the stock were exchanged, compared to its average volume of 3,543,416. The company has a debt-to-equity ratio of 0.54, a current ratio of 3.01 and a quick ratio of 2.22. The firm has a market capitalization of $118.61 billion, a price-to-earnings ratio of 24.03, a PEG ratio of 2.39 and a beta of 1.26. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $130.92. The business has a 50-day moving average of $123.88 and a two-hundred day moving average of $114.63.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, July 23rd. The semiconductor company reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.08. The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.60 billion. Texas Instruments had a return on equity of 57.25% and a net margin of 34.98%. The business’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. Equities research analysts expect that Texas Instruments Incorporated will post 5.24 earnings per share for the current fiscal year.
TXN has been the topic of several research reports. Loop Capital upped their price objective on shares of Texas Instruments to $140.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Zacks Investment Research downgraded shares of Texas Instruments from a “buy” rating to a “hold” rating and set a $126.00 target price for the company. in a research report on Monday, August 26th. Oppenheimer upped their price objective on shares of Texas Instruments from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Morgan Stanley upped their price objective on shares of Texas Instruments from $106.00 to $110.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 24th. Finally, UBS Group increased their price target on shares of Texas Instruments from $93.00 to $100.00 and gave the company a “sell” rating in a report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twelve have given a buy rating to the company. Texas Instruments has a consensus rating of “Hold” and a consensus target price of $118.71.
Texas Instruments 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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