Mcrae Capital Management Inc. acquired a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,440 shares of the semiconductor company’s stock, valued at approximately $259,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. grew its holdings in Texas Instruments by 6.9% during the first quarter. Meeder Asset Management Inc. now owns 89,318 shares of the semiconductor company’s stock worth $9,473,000 after buying an additional 5,757 shares in the last quarter. Lourd Capital LLC grew its holdings in Texas Instruments by 13.8% during the first quarter. Lourd Capital LLC now owns 3,134 shares of the semiconductor company’s stock worth $332,000 after buying an additional 379 shares in the last quarter. KMG Fiduciary Partners LLC grew its holdings in Texas Instruments by 3.9% during the first quarter. KMG Fiduciary Partners LLC now owns 6,253 shares of the semiconductor company’s stock worth $663,000 after buying an additional 235 shares in the last quarter. Welch Group LLC bought a new stake in Texas Instruments during the first quarter worth $159,000. Finally, Hodges Capital Management Inc. grew its holdings in Texas Instruments by 19.2% during the first quarter. Hodges Capital Management Inc. now owns 18,563 shares of the semiconductor company’s stock worth $1,969,000 after buying an additional 2,990 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.
Several equities research analysts recently issued reports on TXN shares. Sanford C. Bernstein downgraded Texas Instruments from an “outperform” rating to a “market perform” rating and set a $108.00 price target for the company. in a report on Monday, March 25th. BidaskClub upgraded Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Bank of America downgraded Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target for the company. in a report on Friday, January 4th. Zacks Investment Research downgraded Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Finally, ValuEngine cut Texas Instruments from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company. Texas Instruments has a consensus rating of “Hold” and an average target price of $108.40.
TXN stock opened at $116.37 on Wednesday. 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 Incorporated has a 1-year low of $87.70 and a 1-year high of $118.48. The firm has a market capitalization of $108.03 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.19 and a beta of 1.17.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm had revenue of $3.72 billion for the quarter, compared to analysts’ expectations of $3.75 billion. During the same quarter in the prior year, the firm earned $1.09 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, research analysts predict that Texas Instruments Incorporated will post 5.19 earnings per share for the current year.
In other news, insider Niels Anderskouv sold 64,159 shares of the company’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $107.25, for a total transaction of $6,881,052.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Ahmad Bahai sold 26,963 shares of the company’s stock in a transaction on Friday, January 25th. The shares were sold at an average price of $103.75, for a total value of $2,797,411.25. Following the transaction, the insider now directly owns 58,928 shares in the company, valued at approximately $6,113,780. The disclosure for this sale can be found here. Insiders have sold a total of 256,061 shares of company stock worth $26,536,471 in the last ninety days. Insiders own 0.89% of the company’s stock.
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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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