Investors Asset Management of Georgia Inc. GA ADV Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Investors Asset Management of Georgia Inc. GA ADV lowered its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 38.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Texas Instruments were worth $268,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Annapolis Financial Services LLC raised its holdings in Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in Texas Instruments in the 3rd quarter worth $25,000. Tennessee Valley Asset Management Partners bought a new position in Texas Instruments in the 4th quarter worth $25,000. Life Planning Partners Inc bought a new position in Texas Instruments in the 4th quarter worth $26,000. Finally, Riverview Trust Co raised its holdings in Texas Instruments by 57.4% in the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of NASDAQ TXN opened at $163.67 on Friday. The firm’s 50-day moving average price is $168.16 and its 200-day moving average price is $161.72. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The company has a market cap of $148.95 billion, a PE ratio of 23.18, a PEG ratio of 3.56 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.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Cantor Fitzgerald increased their price target on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. UBS Group upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating and increased their price target for the stock from $170.00 to $195.00 in a research note on Friday, January 19th. Evercore ISI assumed coverage on shares of Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 price target for the company. TD Cowen increased their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research note on Wednesday, January 24th. Finally, Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Texas Instruments has a consensus rating of “Hold” and a consensus target price of $176.68.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the transaction, the director now owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.68% of the stock is currently owned by insiders.

Texas Instruments Profile

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.