Wynn Capital LLC Acquires Shares of 4,625 Texas Instruments Incorporated (NASDAQ:TXN)

Wynn Capital LLC bought a new stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 4,625 shares of the semiconductor company’s stock, valued at approximately $788,000.

Other hedge funds have also recently modified their holdings of the company. AXQ Capital LP lifted its holdings in shares of Texas Instruments by 64.3% during the 3rd quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after purchasing an additional 1,800 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services lifted its holdings in shares of Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock valued at $7,182,000 after purchasing an additional 155 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in Texas Instruments by 39.9% in the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after acquiring an additional 2,397 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in Texas Instruments by 2.2% in the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after acquiring an additional 177 shares during the last quarter. Finally, Chicago Capital LLC raised its stake in Texas Instruments by 182.7% in the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after acquiring an additional 8,311 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN traded up $9.34 during mid-day trading on Wednesday, reaching $174.81. 13,963,651 shares of the company’s stock were exchanged, compared to its average volume of 5,668,004. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market capitalization of $159.09 billion, a PE ratio of 24.81, a price-to-earnings-growth ratio of 3.52 and a beta of 1.04. The business’s fifty day simple moving average is $168.32 and its 200-day simple moving average is $161.90. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Tuesday, April 23rd. The semiconductor company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.13. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm had revenue of $3.66 billion during the quarter, compared to the consensus estimate of $3.61 billion. During the same period last year, the company earned $1.85 earnings per share. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. On average, equities research analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TXN has been the topic of several analyst reports. Truist Financial raised their target price on Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research report on Wednesday. Benchmark restated a “buy” rating and set a $210.00 target price on shares of Texas Instruments in a research report on Wednesday. Oppenheimer restated a “market perform” rating on shares of Texas Instruments in a research report on Wednesday. Stifel Nicolaus lifted their price objective on Texas Instruments from $160.00 to $172.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Mizuho lifted their price objective on Texas Instruments from $164.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $181.79.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Texas Instruments Company Profile

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.