Banco de Sabadell S.A bought a new position in Texas Instruments (NASDAQ:TXN) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 23,866 shares of the semiconductor company’s stock, valued at approximately $2,492,000.
A number of other large investors have also recently made changes to their positions in TXN. Sterling Capital Management LLC raised its stake in shares of Texas Instruments by 25.7% in the fourth quarter. Sterling Capital Management LLC now owns 8,249 shares of the semiconductor company’s stock worth $862,000 after buying an additional 1,685 shares during the period. Sanders Morris Harris LLC bought a new stake in Texas Instruments during the 4th quarter valued at approximately $221,000. Vanguard Capital Wealth Advisors bought a new stake in Texas Instruments during the 4th quarter valued at approximately $1,253,000. Segall Bryant & Hamill LLC raised its stake in Texas Instruments by 3.2% during the 4th quarter. Segall Bryant & Hamill LLC now owns 25,811 shares of the semiconductor company’s stock valued at $2,696,000 after purchasing an additional 812 shares during the period. Finally, Lake Street Advisors Group LLC bought a new stake in Texas Instruments during the 4th quarter valued at approximately $802,000. 85.16% of the stock is currently owned by institutional investors and hedge funds.
In other Texas Instruments news, insider Stephen A. Anderson sold 141,638 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $111.12, for a total transaction of $15,738,814.56. Following the sale, the insider now owns 178,200 shares in the company, valued at approximately $19,801,584. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Richard K. Templeton sold 43,935 shares of the business’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $109.44, for a total value of $4,808,246.40. Following the sale, the chairman now owns 798,812 shares in the company, valued at approximately $87,421,985.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 757,632 shares of company stock worth $83,306,399. Company insiders own 0.84% of the company’s stock.
NASDAQ:TXN traded up $1.90 during mid-day trading on Thursday, hitting $104.24. 4,566,122 shares of the company’s stock traded hands, compared to its average volume of 6,294,248. Texas Instruments has a twelve month low of $75.92 and a twelve month high of $120.75. The firm has a market capitalization of $100,700.49, a P/E ratio of 24.36, a P/E/G ratio of 2.13 and a beta of 1.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.87 and a quick ratio of 3.00.
Texas Instruments (NASDAQ:TXN) last announced its earnings results on Tuesday, January 23rd. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The company had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.74 billion. Texas Instruments had a return on equity of 40.83% and a net margin of 24.61%. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. analysts expect that Texas Instruments will post 4.99 EPS for the current year.
TXN has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $127.00 price objective (up previously from $112.00) on shares of Texas Instruments in a research note on Monday, January 22nd. UBS initiated coverage on Texas Instruments in a research note on Wednesday, April 4th. They issued a “sell” rating and a $85.00 price objective on the stock. Zacks Investment Research downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, January 15th. Credit Suisse Group reaffirmed an “in-line” rating and issued a $125.00 price objective (up previously from $110.00) on shares of Texas Instruments in a research note on Tuesday, January 16th. Finally, BidaskClub upgraded Texas Instruments from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Texas Instruments currently has an average rating of “Buy” and an average price target of $109.96.
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Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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