Lourd Capital LLC raised its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 13.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 3,134 shares of the semiconductor company’s stock after purchasing an additional 379 shares during the period. Lourd Capital LLC’s holdings in Texas Instruments were worth $332,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cordasco Financial Network acquired a new position in shares of Texas Instruments in the 1st quarter valued at about $27,000. CX Institutional boosted its holdings in shares of Texas Instruments by 95.9% in the 1st quarter. CX Institutional now owns 286 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 140 shares during the period. Highwater Wealth Management LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $34,000. Intercontinental Wealth Advisors LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $40,000. Finally, Essex Savings Bank acquired a new position in shares of Texas Instruments in the 4th quarter valued at about $42,000. 86.64% of the stock is owned by institutional investors.
TXN stock opened at $116.37 on Wednesday. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $118.48. The stock has a market cap of $108.03 billion, a price-to-earnings ratio of 21.47, a P/E/G ratio of 2.22 and a beta of 1.17. 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 (NASDAQ:TXN) last released its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion for the quarter, compared to the consensus estimate of $3.75 billion. During the same period in the previous year, the firm earned $1.09 EPS. Texas Instruments’s revenue was down .9% on a year-over-year basis. On average, research analysts expect that Texas Instruments Incorporated will post 5.19 EPS for the current year.
In related news, insider Niels Anderskouv sold 64,159 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $107.25, for a total value of $6,881,052.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 90,842 shares of the business’s stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $101.14, for a total transaction of $9,187,759.88. 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 over the last 90 days. 0.89% of the stock is owned by insiders.
Several research firms have recently commented on TXN. Sanford C. Bernstein lowered shares of 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. Zacks Investment Research lowered shares of Texas Instruments from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a research note on Sunday, January 13th. Jefferies Financial Group reissued a “buy” rating and set a $137.00 target price (down from $139.00) on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, Robert W. Baird reissued a “hold” rating and set a $97.00 target price on shares of Texas Instruments in a research note on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company’s stock. Texas Instruments has a consensus rating of “Hold” and an average price target of $108.40.
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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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