Mattson Financial Services LLC acquired a new stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 4,705 shares of the semiconductor company’s stock, valued at approximately $864,000.
Other hedge funds have also modified their holdings of the company. Strategic Wealth Investment Group LLC acquired a new stake in Texas Instruments during the 2nd quarter worth $25,000. Pacifica Partners Inc. increased its stake in Texas Instruments by 85.2% in the third quarter. Pacifica Partners Inc. now owns 150 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 69 shares during the period. CBIZ Investment Advisory Services LLC boosted its stake in shares of Texas Instruments by 67.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 186 shares of the semiconductor company’s stock worth $33,000 after buying an additional 75 shares during the period. LGT Financial Advisors LLC grew its holdings in shares of Texas Instruments by 328.9% during the second quarter. LGT Financial Advisors LLC now owns 193 shares of the semiconductor company’s stock worth $40,000 after buying an additional 148 shares during the last quarter. Finally, Mid American Wealth Advisory Group Inc. purchased a new stake in Texas Instruments during the 2nd quarter valued at approximately $40,000. 84.99% of the stock is currently owned by hedge funds and other institutional investors.
Texas Instruments Trading Down 0.1%
Shares of TXN stock opened at $176.88 on Monday. The stock has a market cap of $160.72 billion, a P/E ratio of 32.34, a P/E/G ratio of 3.14 and a beta of 1.00. The company has a quick ratio of 2.90, a current ratio of 4.45 and a debt-to-equity ratio of 0.81. Texas Instruments Incorporated has a fifty-two week low of $139.95 and a fifty-two week high of $221.69. The business has a fifty day simple moving average of $169.36 and a 200-day simple moving average of $185.42.
Wall Street Analyst Weigh In
Several equities research analysts have recently commented on TXN shares. Mizuho set a $145.00 price target on Texas Instruments in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Texas Instruments in a research note on Monday, December 15th. TD Cowen reduced their price objective on shares of Texas Instruments from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 22nd. Citigroup dropped their target price on Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a research report on Thursday, October 16th. Finally, Bank of America downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $208.00 to $190.00 in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, ten have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $191.49.
Get Our Latest Stock Analysis on TXN
Insider Buying and Selling
In other news, VP Christine Witzsche sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total transaction of $164,310.00. Following the completion of the transaction, the vice president directly owned 20,821 shares of the company’s stock, valued at $3,421,098.51. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ronald Kirk sold 9,990 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $162.33, for a total value of $1,621,676.70. Following the completion of the sale, the director directly owned 14,937 shares in the company, valued at approximately $2,424,723.21. The trade was a 40.08% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.57% of the company’s stock.
About Texas Instruments
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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