WealthPlan Investment Management LLC reduced its stake in Texas Instruments Incorporated (NASDAQ:TXN – Free Report) by 8.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 48,901 shares of the semiconductor company’s stock after selling 4,427 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Texas Instruments were worth $8,984,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in TXN. Exencial Wealth Advisors LLC increased its position in Texas Instruments by 2.9% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 8,195 shares of the semiconductor company’s stock valued at $1,506,000 after buying an additional 230 shares in the last quarter. Concurrent Investment Advisors LLC grew its stake in Texas Instruments by 18.7% in the third quarter. Concurrent Investment Advisors LLC now owns 26,032 shares of the semiconductor company’s stock valued at $4,783,000 after acquiring an additional 4,109 shares during the period. Liberty One Investment Management LLC increased its holdings in shares of Texas Instruments by 32.2% during the third quarter. Liberty One Investment Management LLC now owns 34,353 shares of the semiconductor company’s stock valued at $6,312,000 after acquiring an additional 8,364 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its position in shares of Texas Instruments by 3.6% during the third quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 31,237 shares of the semiconductor company’s stock worth $5,739,000 after purchasing an additional 1,073 shares during the period. Finally, PKO Investment Management Joint Stock Co lifted its holdings in shares of Texas Instruments by 76.9% in the 3rd quarter. PKO Investment Management Joint Stock Co now owns 46,000 shares of the semiconductor company’s stock worth $8,452,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 84.99% of the company’s stock.
Texas Instruments Stock Performance
NASDAQ:TXN opened at $188.53 on Wednesday. The company has a current ratio of 4.45, a quick ratio of 2.90 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $172.87 and a 200 day moving average price of $183.83. Texas Instruments Incorporated has a 12-month low of $139.95 and a 12-month high of $221.69. The stock has a market capitalization of $171.30 billion, a P/E ratio of 34.47, a P/E/G ratio of 3.05 and a beta of 1.00.
Wall Street Analyst Weigh In
A number of analysts have commented on TXN shares. Stifel Nicolaus set a $170.00 price target on shares of Texas Instruments in a research note on Wednesday, October 22nd. UBS Group set a $245.00 price objective on shares of Texas Instruments and gave the company a “buy” rating in a report on Wednesday, October 22nd. Citigroup lowered their target price on shares of Texas Instruments from $260.00 to $235.00 and set a “buy” rating on the stock in a report on Thursday, October 16th. Robert W. Baird set a $195.00 price target on Texas Instruments and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Bank of America downgraded Texas Instruments from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $208.00 to $190.00 in a research note on Monday, October 13th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, ten have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $191.49.
Read Our Latest Stock Report on TXN
Insider Transactions at Texas Instruments
In other news, Director Ronald Kirk sold 9,990 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $162.33, for a total transaction of $1,621,676.70. Following the transaction, the director owned 14,937 shares in the company, valued at approximately $2,424,723.21. This trade represents a 40.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Christine Witzsche sold 1,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $164.31, for a total value of $164,310.00. Following the sale, the vice president directly owned 20,821 shares in the company, valued at $3,421,098.51. This trade represents a 4.58% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.57% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Inc (NASDAQ: TXN) is a global semiconductor company headquartered in Dallas, Texas, that designs and manufactures analog and embedded processing chips. The company’s products are used across a wide range of end markets, including industrial, automotive, personal electronics, communications and enterprise equipment. TI’s business emphasizes components that condition, convert, manage and move electrical signals—capabilities that are foundational to modern electronic systems.
TI’s product portfolio includes a broad array of analog integrated circuits—such as power management, amplifiers, data converters and interface devices—as well as embedded processors and microcontrollers used to control systems and run real-time applications.
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