Northside Capital Management LLC Reduces Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Northside Capital Management LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 237,138 shares of the semiconductor company’s stock after selling 1,730 shares during the period. Texas Instruments accounts for approximately 11.8% of Northside Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Northside Capital Management LLC’s holdings in Texas Instruments were worth $44,466,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. One Capital Management LLC grew its stake in shares of Texas Instruments by 47.3% in the second quarter. One Capital Management LLC now owns 3,188 shares of the semiconductor company’s stock valued at $620,000 after acquiring an additional 1,024 shares in the last quarter. Perennial Investment Advisors LLC acquired a new stake in shares of Texas Instruments in the second quarter valued at approximately $207,000. Axxcess Wealth Management LLC boosted its stake in shares of Texas Instruments by 86.8% in the second quarter. Axxcess Wealth Management LLC now owns 18,564 shares of the semiconductor company’s stock valued at $3,611,000 after buying an additional 8,624 shares during the period. Bradley Foster & Sargent Inc. CT grew its position in Texas Instruments by 19.2% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 60,588 shares of the semiconductor company’s stock worth $11,786,000 after buying an additional 9,763 shares in the last quarter. Finally, E Fund Management Co. Ltd. increased its stake in Texas Instruments by 20.4% during the 2nd quarter. E Fund Management Co. Ltd. now owns 22,651 shares of the semiconductor company’s stock worth $4,406,000 after acquiring an additional 3,839 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Price Performance

Shares of NASDAQ:TXN opened at $197.51 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.14 and a current ratio of 4.31. Texas Instruments Incorporated has a 52 week low of $155.46 and a 52 week high of $220.38. The firm has a market cap of $180.17 billion, a PE ratio of 36.71, a price-to-earnings-growth ratio of 3.69 and a beta of 0.98. The firm’s fifty day moving average is $196.30 and its 200-day moving average is $199.76.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.38 by $0.09. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 29.05% and a net margin of 31.60%. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.80 EPS. Sell-side analysts predict that Texas Instruments Incorporated will post 5.08 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on TXN shares. Robert W. Baird reduced their target price on Texas Instruments from $200.00 to $175.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Morgan Stanley increased their price objective on shares of Texas Instruments from $154.00 to $167.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their target price on shares of Texas Instruments from $268.00 to $298.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reiterated a “neutral” rating and set a $200.00 price target on shares of Texas Instruments in a research report on Wednesday, October 23rd. Finally, Benchmark reissued a “buy” rating and issued a $230.00 price objective on shares of Texas Instruments in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $209.71.

Insider Activity at Texas Instruments

In related news, Director Ronald Kirk sold 10,539 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $203.33, for a total transaction of $2,142,894.87. Following the transaction, the director now owns 14,323 shares in the company, valued at $2,912,295.59. The trade was a 42.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert E. Sanchez sold 9,990 shares of the firm’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $208.80, for a total transaction of $2,085,912.00. Following the completion of the sale, the director now owns 20,461 shares of the company’s stock, valued at $4,272,256.80. The trade was a 32.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.68% of the stock is owned by company insiders.

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.