Gateway Investment Advisers LLC lowered its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 12.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 349,173 shares of the semiconductor company’s stock after selling 47,758 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Texas Instruments were worth $44,334,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TXN. Toth Financial Advisory Corp acquired a new position in shares of Texas Instruments during the 2nd quarter worth about $31,000. FSA Wealth Management LLC purchased a new stake in shares of Texas Instruments in the 4th quarter valued at about $38,000. HHM Wealth Advisors LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at about $34,000. Perennial Advisors LLC purchased a new stake in shares of Texas Instruments in the 1st quarter valued at about $26,000. Finally, Pathstone Family Office LLC lifted its holdings in shares of Texas Instruments by 65.0% in the 1st quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 83.83% of the company’s stock.
TXN has been the subject of several research reports. Mizuho reduced their target price on Texas Instruments from $112.00 to $111.00 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Sanford C. Bernstein reduced their price objective on Texas Instruments from $120.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 19th. Goldman Sachs Group downgraded Texas Instruments from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $123.00 to $88.00 in a research note on Tuesday, March 24th. Longbow Research started coverage on Texas Instruments in a research note on Wednesday, April 22nd. They set a “neutral” rating for the company. Finally, UBS Group upped their price objective on Texas Instruments from $109.00 to $111.00 and gave the company a “neutral” rating in a research note on Wednesday, April 22nd. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $123.08.
Shares of TXN traded down $0.65 on Wednesday, reaching $131.24. The stock had a trading volume of 530,504 shares, compared to its average volume of 6,079,018. The firm has a market capitalization of $120.45 billion, a PE ratio of 25.19, a PEG ratio of 3.50 and a beta of 1.13. The company has a quick ratio of 2.65, a current ratio of 3.49 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average of $125.38 and a 200 day moving average of $119.43. Texas Instruments Incorporated has a twelve month low of $93.09 and a twelve month high of $135.70.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.23. The business had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.14 billion. Texas Instruments had a return on equity of 57.45% and a net margin of 35.17%. The company’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 3.99 earnings per share for the current fiscal year.
In other Texas Instruments news, VP Ahmad Bahai sold 8,575 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $115.60, for a total transaction of $991,270.00. Following the sale, the vice president now owns 28,258 shares in the company, valued at approximately $3,266,624.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is currently owned by corporate insiders.
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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