5,431 Shares in Texas Instruments Incorporated (NASDAQ:TXN) Acquired by Gimbal Financial

Gimbal Financial purchased a new stake in Texas Instruments Incorporated (NASDAQ:TXN) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,431 shares of the semiconductor company’s stock, valued at approximately $926,000. Texas Instruments makes up approximately 0.9% of Gimbal Financial’s holdings, making the stock its 15th largest position.

Other institutional investors also recently modified their holdings of the company. AXQ Capital LP increased its holdings in shares of Texas Instruments by 64.3% in the third quarter. AXQ Capital LP now owns 4,600 shares of the semiconductor company’s stock valued at $731,000 after buying an additional 1,800 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services grew its position in Texas Instruments by 0.4% during the 4th quarter. First National Bank of Mount Dora Trust Investment Services now owns 42,134 shares of the semiconductor company’s stock worth $7,182,000 after purchasing an additional 155 shares in the last quarter. Verdence Capital Advisors LLC grew its position in Texas Instruments by 39.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,405 shares of the semiconductor company’s stock worth $1,336,000 after purchasing an additional 2,397 shares in the last quarter. Salem Investment Counselors Inc. grew its position in Texas Instruments by 2.2% during the 4th quarter. Salem Investment Counselors Inc. now owns 8,232 shares of the semiconductor company’s stock worth $1,403,000 after purchasing an additional 177 shares in the last quarter. Finally, Chicago Capital LLC grew its position in Texas Instruments by 182.7% during the 4th quarter. Chicago Capital LLC now owns 12,859 shares of the semiconductor company’s stock worth $2,192,000 after purchasing an additional 8,311 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on TXN shares. Morgan Stanley lifted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 24th. Truist Financial lowered their price objective on shares of Texas Instruments from $166.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday, February 9th. Mizuho lowered their price objective on shares of Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 24th. TD Cowen lifted their price objective on shares of Texas Instruments from $145.00 to $160.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. Finally, Evercore ISI started coverage on shares of Texas Instruments in a report on Tuesday, April 16th. They set an “outperform” rating and a $213.00 price target on the stock. Three 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $176.68.

Texas Instruments Stock Up 2.3 %

NASDAQ:TXN traded up $3.75 during trading hours on Monday, reaching $163.43. The company’s stock had a trading volume of 5,941,229 shares, compared to its average volume of 5,545,161. The company has a market cap of $148.73 billion, a price-to-earnings ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04. Texas Instruments Incorporated has a one year low of $139.48 and a one year high of $188.12. The business’s 50-day moving average is $168.10 and its 200-day moving average is $161.78. The company has a debt-to-equity ratio of 0.63, a current ratio of 4.55 and a quick ratio of 3.35.

Texas Instruments (NASDAQ:TXN) last issued 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 firm had revenue of $4.08 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Texas Instruments had a net margin of 37.16% and a return on equity of 39.96%. Texas Instruments’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 earnings per share. Equities research analysts predict that Texas Instruments Incorporated will post 5.16 EPS for the current year.

Insiders Place Their Bets

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.68% of the company’s stock.

About Texas Instruments

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.