Wedge Capital Management L L P NC Acquires 110 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Wedge Capital Management L L P NC raised its holdings in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 80,114 shares of the semiconductor company’s stock after purchasing an additional 110 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Texas Instruments were worth $13,656,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TXN. Riverview Trust Co lifted its holdings 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 purchasing an additional 66 shares during the period. Howard Financial Services LTD. grew its position in shares of Texas Instruments by 3.1% in the 4th quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock valued at $371,000 after buying an additional 66 shares during the last quarter. Sandy Spring Bank grew its position in shares of Texas Instruments by 3.5% in the 4th quarter. Sandy Spring Bank now owns 1,934 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 66 shares during the last quarter. Harbour Investments Inc. raised its position in shares of Texas Instruments by 2.1% during the third quarter. Harbour Investments Inc. now owns 3,197 shares of the semiconductor company’s stock worth $508,000 after acquiring an additional 67 shares during the last quarter. Finally, Pinnacle Financial Partners Inc lifted its position in shares of 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 during the period. 84.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TXN. Rosenblatt Securities restated a “buy” rating and set a $190.00 price target on shares of Texas Instruments in a research note on Tuesday, January 23rd. Truist Financial decreased their price target on Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Evercore ISI assumed coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 target price on the stock. Susquehanna cut their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, January 24th. Finally, Barclays decreased their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Performance

Shares of NASDAQ:TXN traded up $1.66 during midday trading on Tuesday, reaching $165.09. 891,103 shares of the company’s stock traded hands, compared to its average volume of 5,481,056. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The stock has a 50 day moving average of $168.15 and a 200 day moving average of $161.84. 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 company has a market cap of $150.24 billion, a price-to-earnings ratio of 23.15, a P/E/G ratio of 3.44 and a beta of 1.04.

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

Insider Buying and Selling at Texas Instruments

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly 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 Securities & Exchange Commission, which is available at the SEC website. 0.68% of the stock is currently owned by corporate insiders.

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.