Veracity Capital LLC Lowers Stock Holdings in Texas Instruments Incorporated (NASDAQ:TXN)
Veracity Capital LLC reduced its position in Texas Instruments Incorporated (NASDAQ:TXN) by 54.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,425 shares of the semiconductor company’s stock after selling 2,882 shares during the period. Veracity Capital LLC’s holdings in Texas Instruments were worth $308,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in TXN. FSA Wealth Management LLC acquired a new position in shares of Texas Instruments in the 4th quarter valued at $38,000. HHM Wealth Advisors LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at $34,000. Perennial Advisors LLC acquired a new position in shares of Texas Instruments in the 1st quarter valued at $26,000. Pathstone Family Office LLC boosted its holdings in shares of Texas Instruments by 65.0% in the 1st quarter. Pathstone Family Office LLC now owns 353 shares of the semiconductor company’s stock valued at $35,000 after purchasing an additional 139 shares during the last quarter. Finally, Advisory Alpha LLC boosted its holdings in shares of Texas Instruments by 102.7% in the 1st quarter. Advisory Alpha LLC now owns 377 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 191 shares during the last quarter. 83.83% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on TXN. SunTrust Banks lifted their price target on shares of Texas Instruments from $109.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Oppenheimer restated a “buy” rating and set a $120.00 target price (down previously from $140.00) on shares of Texas Instruments in a report on Wednesday, April 22nd. Morgan Stanley lifted their target price on shares of Texas Instruments from $94.00 to $108.00 and gave the company an “underweight” rating in a report on Tuesday, June 16th. Loop Capital lowered shares of Texas Instruments from a “buy” rating to a “hold” rating and reduced their target price for the company from $145.00 to $108.00 in a report on Wednesday, April 22nd. Finally, Rosenblatt Securities reduced their target price on shares of Texas Instruments from $150.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, April 22nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $123.08.
Shares of TXN stock opened at $128.82 on Tuesday. Texas Instruments Incorporated has a 12 month low of $93.09 and a 12 month high of $135.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.49 and a quick ratio of 2.65. The firm has a market capitalization of $122.39 billion, a P/E ratio of 24.73, a P/E/G ratio of 3.50 and a beta of 1.13. The company’s fifty day moving average price is $125.07 and its two-hundred day moving average price is $119.43.
Texas Instruments (NASDAQ:TXN) last released its earnings results on Tuesday, April 21st. The semiconductor company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.23. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.14 billion. Texas Instruments had a net margin of 35.17% and a return on equity of 57.45%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 EPS. On average, sell-side analysts anticipate that Texas Instruments Incorporated will post 3.99 EPS for the current year.
Texas Instruments Profile
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
Featured Story: The components of the Stochastic Momentum Index
Want to see what other hedge funds are holding TXN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Instruments Incorporated (NASDAQ:TXN).
Receive News & Ratings for Texas Instruments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Texas Instruments and related companies with MarketBeat.com's FREE daily email newsletter.