Texas Instruments Inc. (TXN) Stake Held by Blue Bell Private Wealth Management LLC
Blue Bell Private Wealth Management LLC continued to hold its position in shares of Texas Instruments Inc. (NASDAQ:TXN) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,859 shares of the company’s stock at the end of the second quarter. Blue Bell Private Wealth Management LLC’s holdings in Texas Instruments were worth $117,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Advisory Services Network LLC increased its stake in Texas Instruments by 1.8% in the second quarter. Advisory Services Network LLC now owns 2,221 shares of the company’s stock worth $139,000 after buying an additional 40 shares during the period. JNBA Financial Advisors increased its position in Texas Instruments by 285.7% in the second quarter. JNBA Financial Advisors now owns 2,700 shares of the company’s stock valued at $169,000 after buying an additional 2,000 shares during the period. TNB Financial purchased a new position in Texas Instruments during the second quarter valued at about $202,000. Trust Co. of Toledo NA OH purchased a new position in Texas Instruments during the second quarter valued at about $205,000. Finally, iAB Financial Bank purchased a new position in Texas Instruments during the second quarter valued at about $210,000. Institutional investors and hedge funds own 86.88% of the company’s stock.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded up 1.06% during midday trading on Friday, hitting $68.49. The company had a trading volume of 4,329,253 shares. The stock’s 50-day moving average price is $69.31 and its 200-day moving average price is $64.00. Texas Instruments Inc. has a one year low of $46.73 and a one year high of $72.58. The stock has a market capitalization of $68.71 billion, a price-to-earnings ratio of 23.08 and a beta of 1.32.
Texas Instruments (NASDAQ:TXN) last issued its earnings results on Monday, July 25th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The company earned $3.27 billion during the quarter, compared to the consensus estimate of $3.20 billion. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.65 EPS. Analysts predict that Texas Instruments Inc. will post $3.06 EPS for the current year.
TXN has been the subject of several analyst reports. B. Riley reissued a “neutral” rating and issued a $69.00 target price on shares of Texas Instruments in a research note on Tuesday, July 26th. Zacks Investment Research upgraded Texas Instruments from a “sell” rating to a “buy” rating and set a $80.00 price target for the company in a report on Wednesday, July 27th. MKM Partners lifted their price target on Texas Instruments from $59.00 to $70.00 and gave the company a “neutral” rating in a report on Tuesday, July 26th. Cowen and Company boosted their target price on Texas Instruments from $60.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, July 26th. Finally, Drexel Hamilton boosted their target price on Texas Instruments from $71.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, July 26th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $69.32.
In related news, insider Bing Xie sold 11,565 shares of Texas Instruments stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the transaction, the insider now directly owns 187,370 shares in the company, valued at approximately $12,951,014.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen A. Anderson sold 103,125 shares of Texas Instruments stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $70.08, for a total transaction of $7,227,000.00. Following the completion of the transaction, the insider now owns 292,446 shares of the company’s stock, valued at $20,494,615.68. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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