Forte Capital LLC ADV raised its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,779 shares of the semiconductor company’s stock after buying an additional 116 shares during the period. Forte Capital LLC ADV’s holdings in Texas Instruments were worth $1,143,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of TXN. CX Institutional boosted its stake in Texas Instruments by 95.9% in the first quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 140 shares during the last quarter. Highwater Wealth Management LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $34,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Texas Instruments during the fourth quarter worth $40,000. Essex Savings Bank bought a new position in shares of Texas Instruments during the fourth quarter worth $42,000. Finally, Baldwin Brothers Inc. MA boosted its position in shares of Texas Instruments by 42.5% during the fourth quarter. Baldwin Brothers Inc. MA now owns 513 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 153 shares in the last quarter. 86.63% of the stock is owned by institutional investors.
TXN has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Thursday, January 24th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $137.00 price objective (down from $139.00) on shares of Texas Instruments in a research report on Thursday, January 24th. ValuEngine raised shares of Texas Instruments from a “hold” rating to a “buy” rating in a research report on Wednesday, February 13th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $100.00 price objective (down from $103.00) on shares of Texas Instruments in a research report on Thursday, January 24th. Finally, Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $108.40.
Shares of Texas Instruments stock traded down $1.84 on Monday, reaching $114.92. 229,397 shares of the stock were exchanged, compared to its average volume of 5,058,610. Texas Instruments Incorporated has a one year low of $87.70 and a one year high of $118.48. The company has a current ratio of 3.27, a quick ratio of 2.38 and a debt-to-equity ratio of 0.48. The company has a market cap of $109.59 billion, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.19 and a beta of 1.17.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.03. The business had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 EPS. Research analysts forecast that Texas Instruments Incorporated will post 5.19 earnings per share for the current year.
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Texas Instruments Company 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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