Capital Research Global Investors lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 47.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,838,462 shares of the semiconductor company’s stock after selling 7,994,966 shares during the period. Capital Research Global Investors’ holdings in Texas Instruments were worth $1,133,886,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC bought a new stake in Texas Instruments in the fourth quarter worth approximately $27,000. Credit Agricole S A increased its stake in shares of Texas Instruments by 85.8% during the 4th quarter. Credit Agricole S A now owns 210 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 97 shares during the last quarter. Atlas Private Wealth Management bought a new position in shares of Texas Instruments during the 4th quarter valued at $28,000. Gradient Investments LLC raised its holdings in shares of Texas Instruments by 616.2% during the 4th quarter. Gradient Investments LLC now owns 265 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 228 shares in the last quarter. Finally, IndexIQ Advisors LLC bought a new position in shares of Texas Instruments during the 4th quarter valued at $41,000. Institutional investors and hedge funds own 84.92% of the company’s stock.
In other news, SVP Cynthia Hoff Trochu sold 22,462 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $132.05, for a total transaction of $2,966,107.10. Following the completion of the transaction, the senior vice president now directly owns 62,841 shares of the company’s stock, valued at approximately $8,298,154.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pamela H. Patsley sold 10,002 shares of Texas Instruments stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $134.29, for a total transaction of $1,343,168.58. Following the sale, the director now owns 30,926 shares in the company, valued at $4,153,052.54. The disclosure for this sale can be found here. Insiders have sold 661,503 shares of company stock worth $84,059,352 over the last 90 days. Corporate insiders own 0.73% of the company’s stock.
Texas Instruments stock traded up $4.70 during mid-day trading on Thursday, reaching $103.86. The company had a trading volume of 307,035 shares, compared to its average volume of 10,129,518. The company has a quick ratio of 3.18, a current ratio of 4.13 and a debt-to-equity ratio of 0.60. Texas Instruments Incorporated has a 52 week low of $93.09 and a 52 week high of $135.70. The company has a 50 day moving average of $117.40 and a 200-day moving average of $123.46. The firm has a market cap of $92.84 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.30 and a beta of 1.17.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 22nd. The semiconductor company reported $1.12 EPS for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. Texas Instruments had a net margin of 34.83% and a return on equity of 56.21%. The business had revenue of $3.35 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The firm’s revenue for the quarter was down 9.9% on a year-over-year basis. On average, analysts predict that Texas Instruments Incorporated will post 4.9 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on TXN. Robert W. Baird upped their price objective on shares of Texas Instruments from $105.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Mizuho raised their target price on Texas Instruments from $113.00 to $123.00 and gave the company a “neutral” rating in a report on Thursday, January 23rd. Morgan Stanley reduced their price target on Texas Instruments from $119.00 to $107.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 18th. Stifel Nicolaus upped their price target on Texas Instruments from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Finally, Loop Capital reissued a “buy” rating and issued a $145.00 price objective on shares of Texas Instruments in a research note on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $125.45.
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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