Bailard Inc. Lowers Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Bailard Inc. lessened its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 68,284 shares of the semiconductor company’s stock after selling 6,522 shares during the quarter. Bailard Inc.’s holdings in Texas Instruments were worth $11,640,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Riverview Trust Co lifted its position in Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 66 shares during the last quarter. Howard Financial Services LTD. lifted its position in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after acquiring an additional 66 shares during the last quarter. Sandy Spring Bank lifted its position in Texas Instruments by 3.5% during the fourth quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after acquiring an additional 66 shares during the last quarter. Harbour Investments Inc. lifted its position in Texas Instruments by 2.1% during the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock valued at $508,000 after acquiring an additional 67 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in Texas Instruments by 0.5% during the third quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock valued at $1,983,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Texas Instruments Stock Performance

NASDAQ TXN traded up $9.34 during mid-day trading on Wednesday, reaching $174.81. 13,963,651 shares of the stock were exchanged, compared to its average volume of 5,668,004. The business’s 50 day moving average is $168.66 and its 200-day moving average is $161.99. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a market capitalization of $159.09 billion, a P/E ratio of 24.76, a P/E/G ratio of 3.52 and a beta of 1.04. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TXN. The Goldman Sachs Group upped their price target on shares of Texas Instruments from $137.00 to $157.00 and gave the company a “sell” rating in a research note on Wednesday. TD Cowen upped their price target on shares of Texas Instruments from $160.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday. Barclays cut their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Truist Financial upped their price target on shares of Texas Instruments from $165.00 to $167.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Susquehanna upped their price target on shares of Texas Instruments from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $181.79.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the transaction, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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.