Belpointe Asset Management LLC Raises Position in Texas Instruments Incorporated (NASDAQ:TXN)

Belpointe Asset Management LLC grew its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 105.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,770 shares of the semiconductor company’s stock after purchasing an additional 8,621 shares during the quarter. Belpointe Asset Management LLC’s holdings in Texas Instruments were worth $1,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Texas Instruments by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 85,524,906 shares of the semiconductor company’s stock valued at $9,175,968,000 after purchasing an additional 807,808 shares during the last quarter. Vanguard Group Inc increased its holdings in Texas Instruments by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 85,524,906 shares of the semiconductor company’s stock worth $9,175,968,000 after acquiring an additional 807,808 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Texas Instruments by 6,709.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 24,191,906 shares of the semiconductor company’s stock worth $256,000 after acquiring an additional 23,836,621 shares in the last quarter. Capital International Investors increased its holdings in Texas Instruments by 46.4% in the 3rd quarter. Capital International Investors now owns 16,525,393 shares of the semiconductor company’s stock worth $1,773,009,000 after acquiring an additional 5,240,065 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Texas Instruments by 2.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 13,837,835 shares of the semiconductor company’s stock worth $1,484,661,000 after acquiring an additional 337,435 shares in the last quarter. 86.64% of the stock is owned by hedge funds and other institutional investors.

TXN stock traded down $0.09 during midday trading on Friday, reaching $115.51. The company’s stock had a trading volume of 4,195,777 shares, compared to its average volume of 4,667,009. The company has a quick ratio of 2.38, a current ratio of 3.27 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 1 year low of $87.70 and a 1 year high of $118.48. The firm has a market cap of $108.42 billion, a price-to-earnings ratio of 21.27, a PEG ratio of 2.20 and a beta of 1.17.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.24 by $0.03. The firm 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 business’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 earnings per share. Research analysts expect that Texas Instruments Incorporated will post 5.19 EPS for the current year.

Several research analysts have weighed in on the company. BMO Capital Markets restated a “buy” rating and issued a $120.00 price target on shares of Texas Instruments in a research note on Thursday, January 24th. Jefferies Financial Group restated a “buy” rating and issued a $137.00 price target (down from $139.00) on shares of Texas Instruments in a research note on Thursday, January 24th. ValuEngine upgraded Texas Instruments from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th. Morgan Stanley restated an “equal weight” rating and issued a $100.00 price target (down from $103.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Two equities research 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. The company presently has a consensus rating of “Hold” and a consensus price target of $108.76.

In related news, insider Hagop H. Kozanian sold 9,061 shares of the firm’s stock in a transaction dated Monday, January 28th. The stock was sold at an average price of $102.60, for a total transaction of $929,658.60. Following the sale, the insider now owns 40,164 shares of the company’s stock, valued at $4,120,826.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Ahmad Bahai sold 26,963 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $103.75, for a total value of $2,797,411.25. Following the completion of the sale, the insider now directly owns 58,928 shares of the company’s stock, valued at approximately $6,113,780. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 256,061 shares of company stock worth $26,536,471. Insiders own 0.89% of the company’s stock.

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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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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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