IBM Retirement Fund lessened its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,596 shares of the semiconductor company’s stock after selling 1,455 shares during the quarter. IBM Retirement Fund’s holdings in Texas Instruments were worth $1,379,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in TXN. Highwater Wealth Management LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $34,000. Intercontinental Wealth Advisors LLC purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $40,000. Essex Savings Bank purchased a new position in shares of Texas Instruments in the fourth quarter valued at approximately $42,000. Baldwin Brothers Inc. MA raised its holdings in Texas Instruments by 42.5% in the fourth quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 153 shares in the last quarter. Finally, Clarus Wealth Advisors raised its holdings in Texas Instruments by 142.9% in the fourth quarter. Clarus Wealth Advisors now owns 714 shares of the semiconductor company’s stock valued at $67,000 after acquiring an additional 420 shares in the last quarter. 83.78% of the stock is owned by institutional investors.
Several brokerages recently weighed in on TXN. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Robert W. Baird reaffirmed a “hold” rating and issued a $97.00 target price on shares of Texas Instruments in a report on Tuesday, February 26th. DZ Bank cut shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $108.74.
In other news, VP Haren Julie Van sold 3,953 shares of Texas Instruments stock in a transaction on Monday, January 28th. The shares were sold at an average price of $101.88, for a total value of $402,731.64. Following the transaction, the vice president now directly owns 30,523 shares of the company’s stock, valued at approximately $3,109,683.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Richard K. Templeton sold 90,842 shares of Texas Instruments stock in a transaction on Thursday, January 31st. The shares were sold at an average price of $101.14, for a total transaction of $9,187,759.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,061 shares of company stock worth $26,536,471. 0.84% of the stock is owned by corporate insiders.
TXN stock opened at $110.74 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.38 and a current ratio of 3.27. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $118.48. The company has a market cap of $100.51 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.02 and a beta of 1.18.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter last year, the company earned $1.09 earnings per share. The firm’s revenue for the quarter was down .9% on a year-over-year basis. As a group, analysts predict that Texas Instruments Incorporated will post 5.21 earnings per share for the current year.
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About Texas Instruments
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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