Ipswich Investment Management Co. Inc. Has $4.10 Million Stake in Texas Instruments Incorporated (NASDAQ:TXN)

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Ipswich Investment Management Co. Inc. trimmed its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,991 shares of the semiconductor company’s stock after selling 135 shares during the period. Texas Instruments comprises approximately 1.2% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 25th biggest position. Ipswich Investment Management Co. Inc.’s holdings in Texas Instruments were worth $4,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TXN. Smith Asset Management Group LP bought a new stake in shares of Texas Instruments during the 2nd quarter worth $9,151,000. Canada Pension Plan Investment Board lifted its stake in shares of Texas Instruments by 15.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 43,610 shares of the semiconductor company’s stock valued at $5,005,000 after acquiring an additional 5,970 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its stake in shares of Texas Instruments by 4.9% in the 2nd quarter. Pinnacle Financial Partners Inc. now owns 8,484 shares of the semiconductor company’s stock valued at $974,000 after acquiring an additional 400 shares during the last quarter. Impax Asset Management Group plc lifted its stake in shares of Texas Instruments by 1.7% in the 2nd quarter. Impax Asset Management Group plc now owns 54,658 shares of the semiconductor company’s stock valued at $6,273,000 after acquiring an additional 939 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of Texas Instruments by 4.9% in the 2nd quarter. MML Investors Services LLC now owns 69,982 shares of the semiconductor company’s stock valued at $8,031,000 after acquiring an additional 3,291 shares during the last quarter. Institutional investors and hedge funds own 85.03% of the company’s stock.

Texas Instruments stock traded up $0.48 during mid-day trading on Wednesday, reaching $129.89. The company’s stock had a trading volume of 1,136,682 shares, compared to its average volume of 3,549,791. The firm’s fifty day moving average price is $124.22 and its two-hundred day moving average price is $122.97. The company has a market capitalization of $120.92 billion, a P/E ratio of 23.96, a PEG ratio of 2.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.32 and a current ratio of 4.34. Texas Instruments Incorporated has a 12-month low of $93.03 and a 12-month high of $132.20.

Texas Instruments (NASDAQ:TXN) last released its quarterly earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. Texas Instruments had a net margin of 35.10% and a return on equity of 58.00%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same period in the previous year, the business earned $1.56 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis. On average, research analysts predict that Texas Instruments Incorporated will post 4.94 EPS for the current fiscal year.

In related news, VP Hagop H. Kozanian sold 5,383 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $119.51, for a total value of $643,322.33. Following the completion of the sale, the vice president now owns 41,839 shares of the company’s stock, valued at $5,000,178.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ahmad Bahai sold 1,550 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $117.99, for a total transaction of $182,884.50. Following the completion of the sale, the vice president now directly owns 25,354 shares of the company’s stock, valued at approximately $2,991,518.46. The disclosure for this sale can be found here. Company insiders own 0.89% of the company’s stock.

A number of research analysts have recently commented on TXN shares. Mizuho dropped their price target on Texas Instruments from $116.00 to $113.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Morgan Stanley raised their price target on shares of Texas Instruments from $109.00 to $119.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 18th. Charter Equity cut shares of Texas Instruments from a “buy” rating to a “market perform” rating in a research report on Wednesday, October 23rd. Deutsche Bank dropped their target price on shares of Texas Instruments from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, October 23rd. Finally, BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Saturday, December 7th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $121.38.

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

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