Spectrum Management Group Inc. lowered its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,496 shares of the semiconductor company’s stock after selling 260 shares during the period. Texas Instruments makes up 1.1% of Spectrum Management Group Inc.’s investment portfolio, making the stock its 16th largest holding. Spectrum Management Group Inc.’s holdings in Texas Instruments were worth $3,659,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cordasco Financial Network bought a new stake in Texas Instruments during the first quarter valued at approximately $27,000. CX Institutional grew its position in Texas Instruments by 95.9% during the first 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 bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $34,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $40,000. Finally, Essex Savings Bank bought a new position in shares of Texas Instruments in the fourth quarter worth approximately $42,000. 86.64% of the stock is currently owned by institutional investors and hedge funds.
Shares of Texas Instruments stock opened at $116.37 on Wednesday. The company has a market capitalization of $109.23 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.19 and a beta of 1.17. The company has a quick ratio of 2.38, a current ratio of 3.27 and a debt-to-equity ratio of 0.48. Texas Instruments Incorporated has a 52 week low of $87.70 and a 52 week high of $118.48.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Wednesday, January 23rd. The semiconductor company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.03. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.75 billion. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. Texas Instruments’s revenue was down .9% on a year-over-year basis. During the same period last year, the firm posted $1.09 EPS. Analysts expect that Texas Instruments Incorporated will post 5.19 EPS for the current fiscal year.
TXN has been the subject of a number of research reports. BidaskClub upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Thursday, December 27th. Zacks Investment Research upgraded shares of Texas Instruments from a “sell” rating to a “hold” rating in a research report on Monday, December 31st. Bank of America downgraded shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target on the stock. in a research note on Friday, January 4th. Robert W. Baird reaffirmed a “hold” rating and set a $115.00 price target on shares of Texas Instruments in a research note on Wednesday, January 23rd. Finally, Deutsche Bank reduced their target price on shares of Texas Instruments to $100.00 and set a “hold” rating on the stock in a research note on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and eight have assigned a buy rating to the company. Texas Instruments presently has an average rating of “Hold” and an average target price of $108.40.
In other Texas Instruments news, VP Ahmad Bahai sold 5,165 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $107.30, for a total transaction of $554,204.50. Following the completion of the transaction, the vice president now directly owns 41,911 shares of the company’s stock, valued at approximately $4,497,050.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Niels Anderskouv sold 64,159 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders have sold a total of 256,061 shares of company stock valued at $26,536,471 over the last three months. 0.89% of the stock is currently owned by insiders.
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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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