OLD Mission Capital LLC bought a new position in Texas Instruments (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,608 shares of the semiconductor company’s stock, valued at approximately $1,108,000.
Several other institutional investors have also recently modified their holdings of TXN. Taylor Hoffman Wealth Management bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $105,000. Risk Paradigm Group LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $138,000. Zions Bancorporation grew its holdings in shares of Texas Instruments by 915.6% in the third quarter. Zions Bancorporation now owns 1,564 shares of the semiconductor company’s stock worth $140,000 after purchasing an additional 1,410 shares during the last quarter. Willingdon Wealth Management bought a new position in shares of Texas Instruments in the third quarter worth approximately $141,000. Finally, Truewealth LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $150,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.
In other news, insider Kevin J. Ritchie sold 49,955 shares of Texas Instruments stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bing Xie sold 15,877 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $109.21, for a total value of $1,733,927.17. Following the completion of the transaction, the insider now directly owns 63,048 shares of the company’s stock, valued at approximately $6,885,472.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 757,632 shares of company stock valued at $83,306,399. 0.84% of the stock is owned by insiders.
Shares of TXN stock opened at $99.46 on Friday. The company has a current ratio of 3.87, a quick ratio of 3.00 and a debt-to-equity ratio of 0.35. The firm has a market cap of $102,520.50, a PE ratio of 23.24, a price-to-earnings-growth ratio of 2.17 and a beta of 1.24. Texas Instruments has a 12 month low of $75.92 and a 12 month high of $120.75.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.09. The firm had revenue of $3.75 billion during the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. Texas Instruments’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 EPS. analysts expect that Texas Instruments will post 4.99 earnings per share for the current year.
Several brokerages have recently issued reports on TXN. ValuEngine cut shares of Texas Instruments from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Tuesday. Longbow Research assumed coverage on shares of Texas Instruments in a report on Tuesday, March 27th. They issued a “neutral” rating on the stock. B. Riley reiterated a “neutral” rating and issued a $110.00 price target (up previously from $97.00) on shares of Texas Instruments in a report on Wednesday, January 24th. Finally, Sanford C. Bernstein set a $125.00 price target on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.96.
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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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