Xponance Inc. Has $26.47 Million Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Xponance Inc. raised its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,257 shares of the semiconductor company’s stock after purchasing an additional 5,199 shares during the quarter. Xponance Inc.’s holdings in Texas Instruments were worth $26,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Fairfield Bush & CO. bought a new position in Texas Instruments in the 1st quarter worth approximately $56,000. Mirae Asset Global Investments Co. Ltd. raised its position in Texas Instruments by 32.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 996,880 shares of the semiconductor company’s stock worth $182,908,000 after purchasing an additional 243,907 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Texas Instruments by 7.4% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,023 shares of the semiconductor company’s stock worth $1,105,000 after purchasing an additional 413 shares during the last quarter. Wsfs Capital Management LLC bought a new position in Texas Instruments in the 1st quarter worth approximately $337,000. Finally, Bridgefront Capital LLC bought a new position in Texas Instruments in the 1st quarter worth approximately $315,000. 84.99% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on TXN shares. Truist Financial dropped their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, February 9th. Cantor Fitzgerald increased their price objective on shares of Texas Instruments from $170.00 to $180.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday. They set an “outperform” rating and a $213.00 price objective for the company. Barclays cut their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, KeyCorp raised their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

Insider Activity at Texas Instruments

In related news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction that occurred 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 owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.68% of the stock is owned by insiders.

Texas Instruments Trading Down 1.2 %

Shares of NASDAQ:TXN traded down $2.03 on Thursday, hitting $163.67. The company had a trading volume of 5,456,556 shares, compared to its average volume of 5,448,080. The firm’s 50-day simple moving average is $168.09 and its two-hundred day simple moving average is $161.71. Texas Instruments Incorporated has a 1 year low of $139.48 and a 1 year high of $188.12. The company has a quick ratio of 3.35, a current ratio of 4.55 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $148.95 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 3.61 and a beta of 1.04.

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

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.