Texas Instruments Incorporated (NASDAQ:TXN) Shares Acquired by Beaumont Asset Management L.L.C.

Beaumont Asset Management L.L.C. increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 6.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,918 shares of the semiconductor company’s stock after purchasing an additional 175 shares during the period. Beaumont Asset Management L.L.C.’s holdings in Texas Instruments were worth $497,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of TXN. Linden Thomas Advisory Services LLC grew its position in Texas Instruments by 8.9% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 9,345 shares of the semiconductor company’s stock worth $1,593,000 after buying an additional 762 shares during the last quarter. California Public Employees Retirement System grew its position in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock worth $1,028,846,000 after purchasing an additional 1,502,989 shares in the last quarter. Gimbal Financial purchased a new position in shares of Texas Instruments during the 4th quarter valued at $926,000. RWA Wealth Partners LLC lifted its position in Texas Instruments by 170.5% during the 4th quarter. RWA Wealth Partners LLC now owns 18,471 shares of the semiconductor company’s stock worth $3,149,000 after acquiring an additional 11,642 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its position in Texas Instruments by 3.6% during the 4th quarter. Sage Mountain Advisors LLC now owns 4,342 shares of the semiconductor company’s stock worth $740,000 after acquiring an additional 150 shares during the last quarter. 84.99% of the stock is currently owned by institutional investors and hedge funds.

Texas Instruments Trading Up 1.2 %

NASDAQ TXN traded up $2.04 during trading hours on Tuesday, hitting $165.47. The company’s stock had a trading volume of 6,515,217 shares, compared to its average volume of 5,521,653. The stock has a fifty day moving average of $168.15 and a 200 day moving average of $161.84. Texas Instruments Incorporated has a twelve month low of $139.48 and a twelve month high of $188.12. The firm has a market capitalization of $150.59 billion, a P/E ratio of 23.15, a PEG ratio of 3.44 and a beta of 1.04. 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 announced its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue was down 12.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.13 earnings per share. Equities research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction 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 sale, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXN has been the subject of a number of research analyst reports. KeyCorp boosted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. Mizuho cut their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Cantor Fitzgerald upped their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, TD Cowen upped their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $176.68.

Texas Instruments Company 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.