First Mercantile Trust Co. decreased its stake in Texas Instruments Inc. (NASDAQ:TXN) by 89.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,606 shares of the company’s stock after selling 56,430 shares during the period. First Mercantile Trust Co.’s holdings in Texas Instruments were worth $414,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Boston Partners raised its position in Texas Instruments by 66.3% in the second quarter. Boston Partners now owns 7,551,127 shares of the company’s stock worth $473,079,000 after buying an additional 3,009,699 shares in the last quarter. Vanguard Group Inc. raised its position in Texas Instruments by 3.2% in the second quarter. Vanguard Group Inc. now owns 72,913,570 shares of the company’s stock worth $4,568,036,000 after buying an additional 2,282,169 shares in the last quarter. Emerald Acquisition Ltd. acquired a new position in Texas Instruments during the second quarter worth approximately $79,291,000. Bank of New York Mellon Corp raised its position in Texas Instruments by 7.0% in the second quarter. Bank of New York Mellon Corp now owns 19,196,077 shares of the company’s stock worth $1,202,634,000 after buying an additional 1,261,555 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in Texas Instruments by 6.6% in the first quarter. Franklin Resources Inc. now owns 20,418,746 shares of the company’s stock worth $1,172,444,000 after buying an additional 1,259,788 shares in the last quarter. 86.89% of the stock is owned by institutional investors and hedge funds.
Shares of Texas Instruments Inc. (NASDAQ:TXN) opened at 68.42 on Tuesday. Texas Instruments Inc. has a 12-month low of $46.73 and a 12-month high of $72.58. The company has a 50 day moving average of $69.44 and a 200-day moving average of $62.92. The firm has a market cap of $68.64 billion, a PE ratio of 23.05 and a beta of 1.19.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.76 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The firm earned $3.27 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Texas Instruments had a return on equity of 30.14% and a net margin of 23.89%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 EPS. Equities research analysts forecast that Texas Instruments Inc. will post $3.06 EPS for the current fiscal year.
TXN has been the topic of several analyst reports. Jefferies Group lifted their target price on shares of Texas Instruments from $69.00 to $79.00 and gave the company a “buy” rating in a report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Texas Instruments from a “hold” rating to a “sell” rating in a report on Monday, July 18th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Texas Instruments in a report on Wednesday, June 1st. Robert W. Baird raised shares of Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $70.00 to $80.00 in a report on Wednesday, September 14th. Finally, RBC Capital Markets reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Texas Instruments in a report on Tuesday, August 30th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and sixteen have given a buy rating to the company’s stock. Texas Instruments has an average rating of “Hold” and a consensus target price of $68.44.
In other news, insider Kevin J. Ritchie sold 61,499 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $70.82, for a total value of $4,355,359.18. Following the completion of the sale, the insider now directly owns 249,548 shares of the company’s stock, valued at approximately $17,672,989.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bing Xie sold 11,565 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the sale, the insider now directly owns 187,370 shares of the company’s stock, valued at $12,951,014.40. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.
Texas Instruments Company Profile
Texas Instruments Incorporated designs, makes and sells semiconductors to electronics designers and manufacturers across the world. The Company operates through two segments: Analog and Embedded Processing. Its Analog segment’s product line includes High Volume Analog & Logic (HVAL), Power Management (Power), High Performance Analog (HPA) and Silicon Valley Analog (SVA).
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