Calamos Advisors LLC Sells 2,089 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

Calamos Advisors LLC lessened its position in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 1.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 126,168 shares of the semiconductor company’s stock after selling 2,089 shares during the period. Calamos Advisors LLC’s holdings in Texas Instruments were worth $21,507,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Annapolis Financial Services LLC boosted its stake in shares of Texas Instruments by 333.3% in the 3rd quarter. Annapolis Financial Services LLC now owns 156 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 120 shares in the last quarter. Briaud Financial Planning Inc purchased a new stake in Texas Instruments during the 3rd quarter valued at $25,000. Tennessee Valley Asset Management Partners purchased a new stake in Texas Instruments during the 4th quarter valued at $25,000. Life Planning Partners Inc purchased a new stake in Texas Instruments during the 4th quarter valued at $26,000. Finally, Riverview Trust Co boosted its position in Texas Instruments by 57.4% during the 3rd quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 66 shares during the period. Institutional investors own 84.99% of the company’s stock.

Insider Activity

In other news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total transaction of $278,778.40. Following the sale, the director now owns 11,693 shares in the company, valued at $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TXN shares. Evercore ISI began coverage on shares of Texas Instruments in a research report on Tuesday. They set an “outperform” rating and a $213.00 price target for the company. Mizuho dropped their target price on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Barclays dropped their target price on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. UBS Group raised shares of Texas Instruments from a “neutral” rating to a “buy” rating and raised their target price for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. Finally, Truist Financial decreased their price target on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, February 9th. 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Performance

Shares of TXN traded down $0.12 on Friday, reaching $163.55. The company’s stock had a trading volume of 610,529 shares, compared to its average volume of 5,407,848. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35. The stock has a market capitalization of $148.84 billion, a P/E ratio of 23.18, a PEG ratio of 3.56 and a beta of 1.04. The stock’s 50 day simple moving average is $168.16 and its two-hundred day simple moving average is $161.72. Texas Instruments Incorporated has a 12-month low of $139.48 and a 12-month high of $188.12.

Texas Instruments (NASDAQ:TXN) last posted its quarterly earnings data on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.46 by $0.03. The company had revenue of $4.08 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 earnings per share. Research analysts forecast that Texas Instruments Incorporated will post 5.16 earnings per share for the current fiscal year.

Texas Instruments 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.