Meeder Asset Management Inc. lifted its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 6.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 89,318 shares of the semiconductor company’s stock after purchasing an additional 5,757 shares during the period. Texas Instruments comprises about 0.7% of Meeder Asset Management Inc.’s investment portfolio, making the stock its 27th biggest position. Meeder Asset Management Inc.’s holdings in Texas Instruments were worth $9,473,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in TXN. Lourd Capital LLC grew its holdings in Texas Instruments by 13.8% in the 1st quarter. Lourd Capital LLC now owns 3,134 shares of the semiconductor company’s stock worth $332,000 after acquiring an additional 379 shares during the last quarter. KMG Fiduciary Partners LLC grew its holdings in Texas Instruments by 3.9% in the 1st quarter. KMG Fiduciary Partners LLC now owns 6,253 shares of the semiconductor company’s stock worth $663,000 after acquiring an additional 235 shares during the last quarter. Welch Group LLC bought a new stake in Texas Instruments in the 1st quarter worth $159,000. Hodges Capital Management Inc. grew its holdings in Texas Instruments by 19.2% in the 1st quarter. Hodges Capital Management Inc. now owns 18,563 shares of the semiconductor company’s stock worth $1,969,000 after acquiring an additional 2,990 shares during the last quarter. Finally, TIAA FSB grew its holdings in Texas Instruments by 2.1% in the 1st quarter. TIAA FSB now owns 53,789 shares of the semiconductor company’s stock worth $5,705,000 after acquiring an additional 1,106 shares during the last quarter. 86.64% of the stock is currently owned by institutional investors.
In related news, insider Ahmad Bahai sold 26,963 shares of Texas Instruments stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $103.75, for a total transaction of $2,797,411.25. Following the completion of the transaction, the insider now directly owns 58,928 shares of the company’s stock, valued at approximately $6,113,780. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Niels Anderskouv sold 64,159 shares of Texas Instruments stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $107.25, for a total transaction of $6,881,052.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,061 shares of company stock valued at $26,536,471. 0.89% of the stock is currently owned by corporate insiders.
TXN has been the topic of a number of recent analyst reports. BidaskClub raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Zacks Investment Research raised shares of Texas Instruments from a “sell” rating to a “hold” rating in a report on Monday, December 31st. Bank of America lowered shares of Texas Instruments from a “buy” rating to a “neutral” rating and set a $89.50 price target on the stock. in a report on Friday, January 4th. Robert W. Baird reissued a “hold” rating and issued a $115.00 price target on shares of Texas Instruments in a report on Wednesday, January 23rd. Finally, Deutsche Bank cut their price target on shares of Texas Instruments to $100.00 and set a “hold” rating on the stock in a report on Thursday, January 24th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $108.40.
NASDAQ:TXN opened at $116.37 on Wednesday. Texas Instruments Incorporated has a 12 month low of $87.70 and a 12 month high of $118.48. The stock has a market capitalization of $108.03 billion, a PE ratio of 21.47, a P/E/G ratio of 2.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.27 and a quick ratio of 2.38.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.03. Texas Instruments had a net margin of 35.35% and a return on equity of 53.05%. The company had revenue of $3.72 billion during the quarter, compared to analysts’ expectations of $3.75 billion. During the same period last year, the company posted $1.09 EPS. Texas Instruments’s revenue was down .9% on a year-over-year basis. As a group, research analysts forecast that Texas Instruments Incorporated will post 5.19 earnings per share for the current year.
About Texas Instruments
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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