Investment House LLC Raises Stake in Texas Instruments Inc. (TXN)
Investment House LLC increased its position in Texas Instruments Inc. (NASDAQ:TXN) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 106,683 shares of the company’s stock after buying an additional 1,140 shares during the period. Investment House LLC’s holdings in Texas Instruments were worth $6,684,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of TXN. Franklin Resources Inc. boosted its stake in shares of Texas Instruments by 6.6% in the first quarter. Franklin Resources Inc. now owns 20,418,746 shares of the company’s stock worth $1,172,444,000 after buying an additional 1,259,788 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of Texas Instruments during the second quarter worth about $69,198,000. Wellington Management Group LLP boosted its stake in shares of Texas Instruments by 9.4% in the first quarter. Wellington Management Group LLP now owns 11,114,717 shares of the company’s stock worth $638,208,000 after buying an additional 953,224 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of Texas Instruments by 173.8% in the second quarter. Nordea Investment Management AB now owns 1,274,282 shares of the company’s stock worth $79,834,000 after buying an additional 808,795 shares during the last quarter. Finally, Ruffer LLP boosted its stake in shares of Texas Instruments by 145.3% in the first quarter. Ruffer LLP now owns 894,044 shares of the company’s stock worth $51,331,000 after buying an additional 529,534 shares during the last quarter. 86.88% of the stock is currently owned by institutional investors.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded up 0.55% during midday trading on Wednesday, reaching $69.56. 4,202,113 shares of the company traded hands. The company has a market capitalization of $69.78 billion, a PE ratio of 23.44 and a beta of 1.19. The company has a 50 day moving average price of $69.48 and a 200 day moving average price of $62.56. Texas Instruments Inc. has a 1-year low of $45.33 and a 1-year high of $72.58.
Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. The firm earned $3.27 billion during the quarter, compared to analyst estimates of $3.20 billion. Texas Instruments had a net margin of 23.89% and a return on equity of 30.14%. Texas Instruments’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. On average, analysts expect that Texas Instruments Inc. will post $3.06 earnings per share for the current year.
TXN has been the topic of several research analyst reports. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Wednesday, July 27th. Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $77.00 price target (up previously from $65.00) on shares of Texas Instruments in a report on Wednesday, July 27th. Royal Bank Of Canada upped their price target on shares of Texas Instruments from $75.00 to $80.00 and gave the stock an “outperform” rating in a report on Monday, August 22nd. RBC Capital Markets reaffirmed an “outperform” rating and issued a $80.00 price target (up previously from $75.00) on shares of Texas Instruments in a report on Monday, August 22nd. Finally, Exane BNP Paribas raised shares of Texas Instruments from an “underperform” rating to a “neutral” rating in a report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $68.44.
In other news, SVP Cynthia Hoff Trochu sold 20,506 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $70.65, for a total value of $1,448,748.90. Following the sale, the senior vice president now directly owns 61,150 shares of the company’s stock, valued at approximately $4,320,247.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Stephen A. Anderson sold 103,125 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $70.08, for a total transaction of $7,227,000.00. Following the completion of the sale, the insider now directly owns 292,446 shares in the company, valued at $20,494,615.68. The disclosure for this sale can be found here. Company 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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