Capital Financial Planning LLC bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 571 shares of the semiconductor company’s stock, valued at approximately $54,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Highwater Wealth Management LLC bought a new stake in Texas Instruments during the 4th quarter worth about $34,000. Intercontinental Wealth Advisors LLC bought a new stake in Texas Instruments during the 4th quarter worth about $40,000. Essex Savings Bank bought a new stake in Texas Instruments during the 4th quarter worth about $42,000. Baldwin Brothers Inc. MA lifted its position in Texas Instruments by 42.5% during the 4th quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after buying an additional 153 shares in the last quarter. Finally, Odey Holdings AG lifted its position in Texas Instruments by 129.5% during the 4th quarter. Odey Holdings AG now owns 670 shares of the semiconductor company’s stock worth $63,000 after buying an additional 378 shares in the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have commented on TXN shares. Bank of America cut shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target on the stock. in a research report on Friday, January 4th. Robert W. Baird cut their price target on shares of Texas Instruments from $115.00 to $97.00 and set a “neutral” rating on the stock in a research report on Thursday, January 24th. ValuEngine upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Wednesday, February 13th. Finally, SunTrust Banks boosted their price objective on shares of Texas Instruments from $93.00 to $103.00 and gave the stock a “hold” rating in a research note on Thursday, January 24th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have issued a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $108.40.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Equities analysts expect that Texas Instruments Incorporated will post 5.19 EPS for the current year.
In related news, insider Ahmad Bahai sold 26,963 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $103.75, for a total value of $2,797,411.25. Following the completion of the transaction, the insider now owns 58,928 shares of the company’s stock, valued at approximately $6,113,780. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Richard K. Templeton sold 90,842 shares of the stock in a transaction that occurred 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 ninety days, insiders have sold 256,061 shares of company stock valued at $26,536,471. 0.89% of the stock is currently owned by insiders.
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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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