Forte Capital LLC ADV lessened its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,533 shares of the semiconductor company’s stock after selling 178 shares during the period. Forte Capital LLC ADV’s holdings in Texas Instruments were worth $1,351,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Delta Asset Management LLC TN boosted its holdings in shares of Texas Instruments by 890.9% during the 3rd quarter. Delta Asset Management LLC TN now owns 218 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 196 shares in the last quarter. Lenox Wealth Management Inc. boosted its stake in Texas Instruments by 766.7% in the 3rd quarter. Lenox Wealth Management Inc. now owns 260 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 230 shares in the last quarter. Financial Advantage Inc. bought a new position in Texas Instruments in the 3rd quarter worth about $34,000. Pathstone Family Office LLC boosted its stake in Texas Instruments by 106.0% in the 2nd quarter. Pathstone Family Office LLC now owns 377 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 194 shares in the last quarter. Finally, Garrett Wealth Advisory Group LLC bought a new position in Texas Instruments in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 85.03% of the company’s stock.
In other 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 transaction 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 approximately $5,000,178.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 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. 0.89% of the stock is currently owned by insiders.
A number of equities analysts recently issued reports on TXN shares. Stifel Nicolaus set a $117.00 price target on shares of Texas Instruments and gave the stock a “hold” rating in a research note on Monday, October 21st. UBS Group upped their price target on shares of Texas Instruments from $100.00 to $110.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Oppenheimer dropped their price target on shares of Texas Instruments from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Charter Equity cut shares of Texas Instruments from a “buy” rating to a “market perform” rating in a research note on Wednesday, October 23rd. Finally, Deutsche Bank dropped their price target on shares of Texas Instruments from $120.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the stock. Texas Instruments presently has an average rating of “Hold” and a consensus target price of $121.38.
NASDAQ:TXN traded down $1.31 during mid-day trading on Friday, reaching $130.02. The company’s stock had a trading volume of 1,516,144 shares, compared to its average volume of 3,736,275. Texas Instruments Incorporated has a 12-month low of $94.72 and a 12-month high of $132.20. The firm’s fifty day moving average price is $124.75 and its two-hundred day moving average price is $123.15. The company has a current ratio of 4.34, a quick ratio of 3.32 and a debt-to-equity ratio of 0.59. The stock has a market cap of $123.07 billion, a P/E ratio of 23.99, a PEG ratio of 2.57 and a beta of 1.21.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Tuesday, October 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.07. Texas Instruments had a return on equity of 58.00% and a net margin of 35.10%. The business had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.82 billion. During the same quarter in the previous year, the firm earned $1.56 EPS. Texas Instruments’s revenue was down 11.5% on a year-over-year basis. Analysts predict that Texas Instruments Incorporated will post 4.94 earnings per share for the current fiscal year.
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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