Capital Investment Advisory Services LLC Sells 82 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Capital Investment Advisory Services LLC trimmed its stake in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 2.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,860 shares of the semiconductor company’s stock after selling 82 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Texas Instruments were worth $488,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of TXN. Riverview Trust Co raised its holdings in shares of Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after buying an additional 66 shares in the last quarter. Howard Financial Services LTD. raised its holdings in shares of Texas Instruments by 3.1% during the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after buying an additional 66 shares in the last quarter. Sandy Spring Bank raised its holdings in shares of Texas Instruments by 3.5% during the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock worth $330,000 after buying an additional 66 shares in the last quarter. Harbour Investments Inc. raised its holdings in shares of Texas Instruments by 2.1% during the 3rd quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after buying an additional 67 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its holdings in Texas Instruments by 0.5% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 12,470 shares of the semiconductor company’s stock worth $1,983,000 after purchasing an additional 68 shares in the last quarter. 84.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TXN. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and upped their target price for the stock from $170.00 to $195.00 in a report on Friday, January 19th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $190.00 target price on shares of Texas Instruments in a report on Tuesday, January 23rd. Evercore ISI assumed coverage on Texas Instruments in a report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price for the company. Susquehanna decreased their price target on Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research note 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 for the company in a research note on Wednesday, January 24th. Three investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $176.68.

Insider Activity at Texas Instruments

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

Texas Instruments Trading Up 2.3 %

Shares of Texas Instruments stock opened at $163.43 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. Texas Instruments Incorporated has a 52 week low of $139.48 and a 52 week high of $188.12. The stock has a 50 day moving average price of $168.15 and a two-hundred day moving average price of $161.84. The stock has a market capitalization of $148.73 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its 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 company had revenue of $4.08 billion for 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%. Texas Instruments’s quarterly revenue was down 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 earnings per share. As a group, equities analysts anticipate that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

About Texas Instruments

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.