Douglass Winthrop Advisors LLC Reduces Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Douglass Winthrop Advisors LLC reduced its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,267 shares of the semiconductor company’s stock after selling 541 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in Texas Instruments were worth $628,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Covington Investment Advisors Inc. grew its stake in Texas Instruments by 1.8% during the 3rd quarter. Covington Investment Advisors Inc. now owns 31,973 shares of the semiconductor company’s stock valued at $6,146,000 after purchasing an additional 558 shares in the last quarter. KBC Group NV grew its position in shares of Texas Instruments by 22.1% in the 3rd quarter. KBC Group NV now owns 318,722 shares of the semiconductor company’s stock worth $61,262,000 after acquiring an additional 57,728 shares in the last quarter. Tredje AP fonden acquired a new position in shares of Texas Instruments in the 3rd quarter worth approximately $14,416,000. Handelsbanken Fonder AB grew its position in shares of Texas Instruments by 2.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 237,367 shares of the semiconductor company’s stock worth $45,624,000 after acquiring an additional 6,424 shares in the last quarter. Finally, Creative Planning grew its position in shares of Texas Instruments by 3.8% in the 3rd quarter. Creative Planning now owns 115,740 shares of the semiconductor company’s stock worth $22,246,000 after acquiring an additional 4,266 shares in the last quarter. Hedge funds and other institutional investors own 82.56% of the company’s stock.

TXN has been the subject of a number of analyst reports. KeyCorp boosted their price objective on Texas Instruments from $240.00 to $250.00 and gave the company an “overweight” rating in a research report on Wednesday, October 27th. Truist Securities lifted their target price on Texas Instruments from $200.00 to $208.00 and gave the company a “hold” rating in a research note on Wednesday, October 27th. Barclays lifted their target price on Texas Instruments from $170.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday. Rosenblatt Securities reaffirmed a “buy” rating on shares of Texas Instruments in a research note on Wednesday, October 27th. Finally, Morgan Stanley lifted their target price on Texas Instruments from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Wednesday, October 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Texas Instruments presently has an average rating of “Hold” and an average price target of $209.74.

In other news, VP Mark Gary sold 4,991 shares of the company’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $190.00, for a total value of $948,290.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Ahmad Bahai sold 4,250 shares of the company’s stock in a transaction that occurred on Monday, November 15th. The shares were sold at an average price of $189.49, for a total value of $805,332.50. The disclosure for this sale can be found here. Insiders have sold a total of 57,241 shares of company stock valued at $10,772,343 in the last three months. 0.61% of the stock is owned by insiders.

Shares of NASDAQ:TXN traded up $0.79 on Friday, reaching $184.94. The company had a trading volume of 46,707 shares, compared to its average volume of 5,213,247. Texas Instruments Incorporated has a twelve month low of $161.67 and a twelve month high of $202.26. The stock has a 50-day moving average price of $190.23 and a 200 day moving average price of $190.94. The stock has a market capitalization of $170.80 billion, a P/E ratio of 23.64, a P/E/G ratio of 2.41 and a beta of 0.92. The company has a quick ratio of 4.86, a current ratio of 5.63 and a debt-to-equity ratio of 0.60.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Tuesday, October 26th. The semiconductor company reported $2.07 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.01. Texas Instruments had a return on equity of 68.63% and a net margin of 41.61%. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the previous year, the firm earned $1.45 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. On average, sell-side analysts predict that Texas Instruments Incorporated will post 7.94 earnings per share for the current fiscal year.

Texas Instruments Company Profile

Texas Instruments Incorporated engages in the design, manufacture, test, and sell analog and embedded semiconductors, which include industrial, automotive, personal electronics, communications equipment, and enterprise systems. It operates through the following segments: Analog and Embedded Processing.

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

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