HTLF Bank Takes Position in Texas Instruments Incorporated (NASDAQ:TXN)

HTLF Bank bought a new position in shares of Texas Instruments Incorporated (NASDAQ:TXN) in the 4th quarter, HoldingsChannel.com reports. The firm bought 29,532 shares of the semiconductor company’s stock, valued at approximately $5,034,000.

Other institutional investors have also added to or reduced their stakes in the company. Annapolis Financial Services LLC raised its position in Texas Instruments by 333.3% during the third quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc bought a new position in shares of Texas Instruments during the 3rd quarter valued at about $25,000. Tennessee Valley Asset Management Partners bought a new stake in Texas Instruments in the 4th quarter worth approximately $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments in the fourth quarter worth approximately $26,000. Finally, Riverview Trust Co raised its stake in shares of Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 66 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Texas Instruments Stock Down 0.1 %

TXN stock traded down $0.18 during midday trading on Friday, hitting $163.49. The stock had a trading volume of 1,856,882 shares, compared to its average volume of 5,418,769. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The firm has a market cap of $148.79 billion, a price-to-earnings ratio of 23.18, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The business has a 50-day moving average of $168.16 and a two-hundred day moving average of $161.72. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12.

Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. The company had revenue of $4.08 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the business earned $2.13 EPS. Texas Instruments’s quarterly revenue was down 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TXN. Evercore ISI initiated coverage on shares of Texas Instruments in a research note on Tuesday. They issued an “outperform” rating and a $213.00 price objective for the company. TD Cowen raised their price objective on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Truist Financial decreased their price objective on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, February 9th. Morgan Stanley increased their target price on Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Finally, Barclays decreased their price target on Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock 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 assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $176.68.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction on 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 in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.68% of the company’s stock.

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.