Transcend Wealth Collective LLC acquired a new position in Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,497 shares of the semiconductor company’s stock, valued at approximately $2,116,000.
A number of other hedge funds also recently bought and sold shares of TXN. Financial Architects Inc grew its holdings in shares of Texas Instruments by 14.4% in the 4th quarter. Financial Architects Inc now owns 645 shares of the semiconductor company’s stock valued at $83,000 after buying an additional 81 shares during the period. Roundview Capital LLC boosted its stake in Texas Instruments by 0.5% in the 4th quarter. Roundview Capital LLC now owns 18,892 shares of the semiconductor company’s stock worth $2,424,000 after purchasing an additional 87 shares during the period. Northstar Wealth Partners LLC boosted its stake in Texas Instruments by 2.7% in the 4th quarter. Northstar Wealth Partners LLC now owns 3,400 shares of the semiconductor company’s stock worth $436,000 after purchasing an additional 88 shares during the period. Tompkins Financial Corp boosted its stake in Texas Instruments by 1.9% in the 4th quarter. Tompkins Financial Corp now owns 4,708 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 89 shares during the period. Finally, Meridian Wealth Management LLC boosted its stake in Texas Instruments by 5.3% in the 4th quarter. Meridian Wealth Management LLC now owns 1,799 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 84.92% of the company’s stock.
A number of equities analysts recently weighed in on the stock. SunTrust Banks upped their target price on shares of Texas Instruments from $125.00 to $134.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. Sanford C. Bernstein reduced their target price on shares of Texas Instruments from $120.00 to $100.00 and set a “market perform” rating for the company in a research note on Thursday, March 19th. Nomura reissued a “hold” rating and set a $120.00 price target on shares of Texas Instruments in a research report on Tuesday, March 10th. Goldman Sachs Group cut shares of Texas Instruments from a “neutral” rating to a “sell” rating and cut their price target for the stock from $123.00 to $88.00 in a research report on Tuesday. Finally, BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $125.45.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Wednesday, January 22nd. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.10. The company had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.21 billion. Texas Instruments had a net margin of 34.83% and a return on equity of 56.21%. Texas Instruments’s quarterly revenue was down 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 EPS. On average, sell-side analysts forecast that Texas Instruments Incorporated will post 4.9 earnings per share for the current fiscal year.
In other Texas Instruments news, SVP Cynthia Hoff Trochu sold 22,462 shares of the stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $132.05, for a total value of $2,966,107.10. Following the transaction, the senior vice president now directly owns 62,841 shares of the company’s stock, valued at approximately $8,298,154.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard K. Templeton sold 135,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $127.57, for a total transaction of $17,221,950.00. Following the completion of the transaction, the chief executive officer now directly owns 728,738 shares in the company, valued at $92,965,106.66. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 661,503 shares of company stock worth $84,059,352. 0.73% of the stock is owned by insiders.
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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