Douglass Winthrop Advisors LLC Maintains Position in Texas Instruments Incorporated (TXN)
Douglass Winthrop Advisors LLC held its stake in Texas Instruments Incorporated (NASDAQ:TXN) during the third quarter, Holdings Channel reports. The institutional investor owned 4,900 shares of the company’s stock at the end of the third quarter. Douglass Winthrop Advisors LLC’s holdings in Texas Instruments were worth $344,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of TXN. FMR LLC increased its stake in Texas Instruments by 56.6% in the second quarter. FMR LLC now owns 9,176,451 shares of the company’s stock valued at $574,905,000 after buying an additional 3,317,368 shares in the last quarter. Alliancebernstein L.P. raised its position in Texas Instruments by 105.6% in the second quarter. Alliancebernstein L.P. now owns 4,270,433 shares of the company’s stock valued at $267,543,000 after buying an additional 2,193,369 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Texas Instruments by 7.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 29,037,794 shares of the company’s stock valued at $2,037,872,000 after buying an additional 2,109,037 shares during the last quarter. Davis Selected Advisers raised its position in Texas Instruments by 22.2% in the second quarter. Davis Selected Advisers now owns 9,051,716 shares of the company’s stock valued at $567,090,000 after buying an additional 1,646,483 shares during the last quarter. Finally, Sound Shore Management Inc. CT raised its position in Texas Instruments by 1,128.3% in the third quarter. Sound Shore Management Inc. CT now owns 1,696,178 shares of the company’s stock valued at $119,038,000 after buying an additional 1,558,082 shares during the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Incorporated (NASDAQ:TXN) traded up 0.20% on Friday, hitting $75.00. 3,372,528 shares of the company traded hands. The firm’s 50 day moving average price is $73.20 and its 200 day moving average price is $69.39. The firm has a market capitalization of $74.96 billion, a PE ratio of 23.81 and a beta of 1.27. Texas Instruments Incorporated has a 1-year low of $46.73 and a 1-year high of $75.30.
Texas Instruments (NASDAQ:TXN) last released its quarterly earnings data on Wednesday, October 26th. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.86 by $0.08. Texas Instruments had a return on equity of 31.60% and a net margin of 24.73%. The company had revenue of $3.68 billion for the quarter. During the same period last year, the business earned $0.76 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that Texas Instruments Incorporated will post $3.16 EPS for the current fiscal year.
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TXN has been the subject of several analyst reports. Jefferies Group restated a “buy” rating and set a $82.00 price target (up previously from $79.00) on shares of Texas Instruments in a report on Saturday, October 29th. Zacks Investment Research upgraded shares of Texas Instruments from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a report on Friday, October 28th. B. Riley upgraded shares of Texas Instruments from a “neutral” rating to a “buy” rating in a report on Friday, September 30th. Summit Redstone restated a “buy” rating and set a $84.00 price target on shares of Texas Instruments in a report on Thursday, December 29th. Finally, Evercore ISI restated a “hold” rating and set a $80.00 price target (up previously from $75.00) on shares of Texas Instruments in a report on Friday, December 16th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $72.26.
In other Texas Instruments news, insider Brian T. Crutcher sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $70.69, for a total value of $1,060,350.00. Following the transaction, the insider now directly owns 309,250 shares of the company’s stock, valued at $21,860,882.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.
About Texas Instruments
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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