Savant Capital LLC reduced its position in Texas Instruments Inc. (NASDAQ:TXN) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,730 shares of the company’s stock after selling 10 shares during the period. Savant Capital LLC’s holdings in Texas Instruments were worth $234,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can bought a new position in shares of Texas Instruments during the second quarter worth approximately $69,198,000. Wellington Management Group LLP boosted its position in shares of Texas Instruments by 9.4% in the first quarter. Wellington Management Group LLP now owns 11,114,717 shares of the company’s stock worth $638,208,000 after buying an additional 953,224 shares during the period. Nordea Investment Management AB boosted its position in shares of Texas Instruments by 173.8% in the second quarter. Nordea Investment Management AB now owns 1,274,282 shares of the company’s stock worth $79,834,000 after buying an additional 808,795 shares during the period. Ruffer LLP boosted its position in shares of Texas Instruments by 145.3% in the first quarter. Ruffer LLP now owns 894,044 shares of the company’s stock worth $51,331,000 after buying an additional 529,534 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Texas Instruments by 5.0% in the first quarter. Geode Capital Management LLC now owns 8,976,226 shares of the company’s stock worth $514,463,000 after buying an additional 430,418 shares during the period. Institutional investors own 86.89% of the company’s stock.
Shares of Texas Instruments Inc. (NASDAQ:TXN) traded down 0.13% during trading on Friday, reaching $70.87. The company had a trading volume of 3,673,887 shares. The company has a market capitalization of $71.10 billion, a PE ratio of 23.88 and a beta of 1.32. Texas Instruments Inc. has a 52 week low of $46.73 and a 52 week high of $72.58. The stock’s 50-day moving average price is $69.46 and its 200-day moving average price is $63.71.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.03. The business 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 revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, equities analysts expect that Texas Instruments Inc. will post $3.06 EPS for the current fiscal year.
A number of brokerages have commented on TXN. B. Riley raised Texas Instruments from a “neutral” rating to a “buy” rating in a research note on Friday, September 30th. Robert W. Baird raised Texas Instruments from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $70.00 to $80.00 in a research note on Wednesday, September 14th. Sanford C. Bernstein raised Texas Instruments from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $70.00 to $80.00 in a research note on Monday, September 12th. RBC Capital Markets reissued an “outperform” rating and set a $80.00 target price on shares of Texas Instruments in a research note on Tuesday, August 30th. Finally, Royal Bank Of Canada boosted their target price on Texas Instruments from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Monday, August 22nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $68.44.
In related news, insider Bing Xie sold 11,565 shares of Texas Instruments stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $69.12, for a total value of $799,372.80. Following the completion of the transaction, the insider now owns 187,370 shares in the company, valued at approximately $12,951,014.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 61,499 shares of Texas Instruments stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $70.82, for a total value of $4,355,359.18. Following the completion of the transaction, the insider now owns 249,548 shares of the company’s stock, valued at approximately $17,672,989.36. The disclosure for this sale can be found here. 1.02% of the stock is owned by insiders.
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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