Texas Instruments Incorporated (NASDAQ:TXN) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,940 shares of the semiconductor company’s stock after selling 257 shares during the period. Marks Group Wealth Management Inc’s holdings in Texas Instruments were worth $7,831,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Texas Instruments by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,862,201 shares of the semiconductor company’s stock valued at $14,129,979,000 after buying an additional 458,853 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Texas Instruments by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 18,893,821 shares of the semiconductor company’s stock worth $2,986,123,000 after purchasing an additional 839,964 shares during the period. Morgan Stanley grew its position in Texas Instruments by 14.2% during the 3rd quarter. Morgan Stanley now owns 14,154,358 shares of the semiconductor company’s stock worth $2,250,685,000 after purchasing an additional 1,755,582 shares in the last quarter. Northern Trust Corp grew its position in Texas Instruments by 2.9% during the 3rd quarter. Northern Trust Corp now owns 11,095,428 shares of the semiconductor company’s stock worth $1,764,284,000 after purchasing an additional 315,302 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Texas Instruments by 33.2% during the 4th quarter. California Public Employees Retirement System now owns 6,035,704 shares of the semiconductor company’s stock valued at $1,028,846,000 after purchasing an additional 1,502,989 shares during the period. Institutional investors and hedge funds own 84.99% of the company’s stock.

Analysts Set New Price Targets

TXN has been the topic of a number of research analyst reports. Susquehanna lowered their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating on the stock in a report on Wednesday, January 24th. Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price target on shares of Texas Instruments in a research report on Tuesday, January 23rd. Evercore ISI assumed coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 price target for the company. Morgan Stanley increased their target price on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Finally, TD Cowen boosted their price target on shares of Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Up 2.3 %

Shares of NASDAQ TXN traded up $3.75 during mid-day trading on Monday, reaching $163.43. 5,941,312 shares of the company traded hands, compared to its average volume of 5,545,162. The company’s fifty day moving average is $168.15 and its two-hundred day moving average is $161.84. 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 Incorporated has a fifty-two week low of $139.48 and a fifty-two week high of $188.12. The stock has a market cap of $148.73 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.46 by $0.03. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.13 earnings per share. On average, analysts expect that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total transaction of $278,778.40. Following the completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.68% of the company’s stock.

About Texas Instruments

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.