Concord Wealth Partners Sells 1,856 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Concord Wealth Partners lowered its stake in shares of Texas Instruments Incorporated (NASDAQ:TXNFree Report) by 10.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 15,526 shares of the semiconductor company’s stock after selling 1,856 shares during the period. Concord Wealth Partners’ holdings in Texas Instruments were worth $2,790,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TXN. Norges Bank acquired a new position in shares of Texas Instruments during the fourth quarter valued at about $2,584,490,000. GAMMA Investing LLC raised its position in shares of Texas Instruments by 21,778.6% during the first quarter. GAMMA Investing LLC now owns 3,422,027 shares of the semiconductor company’s stock valued at $614,938,000 after buying an additional 3,406,386 shares during the last quarter. Invesco Ltd. raised its position in shares of Texas Instruments by 15.4% during the fourth quarter. Invesco Ltd. now owns 11,893,157 shares of the semiconductor company’s stock valued at $2,230,086,000 after buying an additional 1,587,036 shares during the last quarter. Northern Trust Corp raised its position in shares of Texas Instruments by 12.2% during the fourth quarter. Northern Trust Corp now owns 10,398,010 shares of the semiconductor company’s stock valued at $1,949,731,000 after buying an additional 1,132,187 shares during the last quarter. Finally, Capital International Investors raised its position in shares of Texas Instruments by 26.3% during the fourth quarter. Capital International Investors now owns 5,194,675 shares of the semiconductor company’s stock valued at $974,054,000 after buying an additional 1,080,782 shares during the last quarter. Institutional investors and hedge funds own 84.99% of the company’s stock.

Texas Instruments Stock Performance

Shares of TXN stock opened at $216.64 on Thursday. The company has a market capitalization of $196.81 billion, a price-to-earnings ratio of 41.11, a PEG ratio of 3.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.37 and a current ratio of 5.26. The company has a 50-day simple moving average of $197.45 and a 200 day simple moving average of $184.86. Texas Instruments Incorporated has a 52 week low of $139.95 and a 52 week high of $221.69.

Texas Instruments (NASDAQ:TXNGet Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The semiconductor company reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.22. The firm had revenue of $4.07 billion during the quarter, compared to the consensus estimate of $3.91 billion. Texas Instruments had a net margin of 30.36% and a return on equity of 28.75%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.10 EPS. On average, sell-side analysts predict that Texas Instruments Incorporated will post 5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TXN. Arete Research raised shares of Texas Instruments to a “hold” rating in a research report on Thursday, June 26th. Cantor Fitzgerald dropped their price target on shares of Texas Instruments from $200.00 to $170.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. Baird R W raised shares of Texas Instruments from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Sanford C. Bernstein raised shares of Texas Instruments from a “strong sell” rating to a “hold” rating in a report on Thursday, June 5th. Finally, TD Cowen raised shares of Texas Instruments from a “hold” rating to a “buy” rating and increased their price target for the company from $200.00 to $245.00 in a research note on Friday, July 11th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $203.53.

Read Our Latest Research Report on TXN

Texas Instruments Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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