Wedge Capital Management L L P NC Boosts Stock Position in Texas Instruments Incorporated (NASDAQ:TXN)

Wedge Capital Management L L P NC increased its position in Texas Instruments Incorporated (NASDAQ:TXN) by 0.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,114 shares of the semiconductor company’s stock after acquiring an additional 110 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Texas Instruments were worth $13,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TXN. International Assets Investment Management LLC increased its holdings in Texas Instruments by 2.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,520 shares of the semiconductor company’s stock valued at $557,000 after acquiring an additional 85 shares during the last quarter. Flagship Harbor Advisors LLC boosted its stake in Texas Instruments by 1.9% during the third quarter. Flagship Harbor Advisors LLC now owns 6,556 shares of the semiconductor company’s stock valued at $1,042,000 after buying an additional 124 shares during the last quarter. DAVENPORT & Co LLC grew its holdings in Texas Instruments by 0.5% during the 3rd quarter. DAVENPORT & Co LLC now owns 48,000 shares of the semiconductor company’s stock valued at $7,633,000 after buying an additional 258 shares in the last quarter. Founders Financial Securities LLC increased its stake in Texas Instruments by 4.5% in the 3rd quarter. Founders Financial Securities LLC now owns 3,483 shares of the semiconductor company’s stock worth $554,000 after acquiring an additional 150 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its holdings in shares of Texas Instruments by 2.4% during the 3rd quarter. GHP Investment Advisors Inc. now owns 45,485 shares of the semiconductor company’s stock worth $6,948,000 after acquiring an additional 1,059 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.

Insider Buying and Selling at Texas Instruments

In other Texas Instruments news, Director Mark A. Blinn sold 1,744 shares of Texas Instruments 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 sale, the director now owns 11,693 shares of the company’s stock, valued at approximately $1,869,126.05. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.68% of the stock is owned by corporate insiders.

Texas Instruments Stock Performance

NASDAQ TXN traded up $1.66 during trading hours on Tuesday, reaching $165.09. The stock had a trading volume of 891,103 shares, compared to its average volume of 5,481,056. Texas Instruments Incorporated has a 52-week low of $139.48 and a 52-week high of $188.12. The stock has a fifty day moving average of $168.15 and a 200 day moving average of $161.84. The company has a debt-to-equity ratio of 0.63, a quick ratio of 3.35 and a current ratio of 4.55. The stock has a market cap of $150.24 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 3.44 and a beta of 1.04.

Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Monday, January 22nd. The semiconductor company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.03. Texas Instruments had a return on equity of 39.96% and a net margin of 37.16%. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period last year, the firm earned $2.13 EPS. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. Sell-side analysts predict that Texas Instruments Incorporated will post 5.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on TXN shares. Truist Financial dropped their price objective 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. Evercore ISI assumed coverage on Texas Instruments in a report on Tuesday, April 16th. They issued an “outperform” rating and a $213.00 target price for the company. Morgan Stanley boosted their price objective on shares of Texas Instruments from $138.00 to $146.00 and gave the company an “underweight” rating in a research report on Wednesday, January 24th. Barclays dropped their price target on shares of Texas Instruments from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $190.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Texas Instruments has an average rating of “Hold” and an average target price of $176.68.

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.