Lafayette Investments Inc. Purchases 505 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Lafayette Investments Inc. lifted its position in Texas Instruments Incorporated (NASDAQ:TXN) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 9,966 shares of the semiconductor company’s stock after buying an additional 505 shares during the period. Lafayette Investments Inc.’s holdings in Texas Instruments were worth $1,699,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fairfield Bush & CO. bought a new position in Texas Instruments during the 1st quarter worth about $56,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of 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 valued at $182,908,000 after acquiring an additional 243,907 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of 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 valued at $1,105,000 after acquiring an additional 413 shares in the last quarter. Wsfs Capital Management LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at about $337,000. Finally, Bridgefront Capital LLC bought a new position in shares of Texas Instruments in the 1st quarter valued at about $315,000. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s 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 completion of the transaction, the director now directly owns 11,693 shares in the company, valued at $1,869,126.05. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.68% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Mizuho decreased their price objective on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a report on Wednesday, January 24th. Susquehanna decreased their price objective on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. 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. 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. Finally, Cantor Fitzgerald raised their target price on shares of Texas Instruments from $170.00 to $180.00 and gave the company a “neutral” rating in a research note on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Price Performance

Shares of TXN stock traded up $0.29 during trading on Friday, hitting $163.96. The company had a trading volume of 1,291,340 shares, compared to its average volume of 5,415,146. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The firm has a market capitalization of $149.21 billion, a P/E ratio of 23.18, a price-to-earnings-growth ratio of 3.56 and a beta of 1.04. The stock’s 50-day moving average price is $168.16 and its 200 day moving average price is $161.72. Texas Instruments Incorporated has a one year low of $139.48 and a one year 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, beating the consensus estimate of $1.46 by $0.03. The business had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.13 earnings per share. Equities analysts expect that Texas Instruments Incorporated will post 5.16 EPS for the current fiscal year.

Texas Instruments 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.