First Allied Advisory Services Inc. decreased its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,364 shares of the semiconductor company’s stock after selling 2,241 shares during the period. First Allied Advisory Services Inc.’s holdings in Texas Instruments were worth $1,071,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Texas Instruments by 3.4% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 3,000 shares of the semiconductor company’s stock valued at $284,000 after acquiring an additional 100 shares during the period. Trust Co. of Vermont raised its stake in shares of Texas Instruments by 1.0% in the fourth quarter. Trust Co. of Vermont now owns 10,811 shares of the semiconductor company’s stock valued at $1,022,000 after purchasing an additional 102 shares in the last quarter. Balasa Dinverno & Foltz LLC raised its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Balasa Dinverno & Foltz LLC now owns 8,851 shares of the semiconductor company’s stock valued at $836,000 after purchasing an additional 103 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of Texas Instruments by 1.2% in the fourth quarter. Wedbush Securities Inc. now owns 8,874 shares of the semiconductor company’s stock valued at $839,000 after purchasing an additional 105 shares in the last quarter. Finally, Chemical Bank raised its stake in shares of Texas Instruments by 0.5% in the fourth quarter. Chemical Bank now owns 23,265 shares of the semiconductor company’s stock valued at $2,199,000 after purchasing an additional 112 shares in the last quarter. Institutional investors own 86.64% of the company’s stock.
A number of brokerages recently commented on TXN. Sanford C. Bernstein lowered Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 target price for the company. in a research note on Monday, March 25th. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research note on Sunday, January 13th. Jefferies Financial Group reiterated a “buy” rating and set a $137.00 price objective (down from $139.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, Robert W. Baird reiterated a “hold” rating and set a $97.00 price objective on shares of Texas Instruments in a research note on Tuesday, February 26th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $108.76.
NASDAQ TXN traded down $0.09 during trading on Friday, hitting $115.51. The stock had a trading volume of 4,195,777 shares, compared to its average volume of 4,667,009. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $118.48. The stock has a market capitalization of $108.42 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.20 and a beta of 1.17. 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 (NASDAQ:TXN) last posted its earnings results 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. The business had revenue of $3.72 billion for the quarter, compared to analyst estimates of $3.75 billion. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.09 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.19 EPS for the current year.
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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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