North Star Asset Management Inc. decreased its position in Texas Instruments Inc. (NASDAQ:TXN) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,916 shares of the company’s stock after selling 1,137 shares during the period. North Star Asset Management Inc.’s holdings in Texas Instruments were worth $2,313,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. AXA boosted its stake in Texas Instruments by 23.7% in the first quarter. AXA now owns 955,847 shares of the company’s stock valued at $54,885,000 after buying an additional 183,157 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in shares of Texas Instruments by 3.3% in the first quarter. Pictet Asset Management Ltd. now owns 894,796 shares of the company’s stock worth $47,442,000 after buying an additional 28,350 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Texas Instruments by 293.9% in the first quarter. Meeder Asset Management Inc. now owns 35,141 shares of the company’s stock worth $2,018,000 after buying an additional 26,219 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in shares of Texas Instruments by 86.4% in the first quarter. Rafferty Asset Management LLC now owns 50,698 shares of the company’s stock worth $2,911,000 after buying an additional 23,495 shares in the last quarter. Finally, Cypress Wealth Advisors LLC boosted its stake in shares of Texas Instruments by 0.4% in the first quarter. Cypress Wealth Advisors LLC now owns 5,940 shares of the company’s stock worth $341,000 after buying an additional 25 shares in the last quarter. 86.88% of the stock is owned by institutional investors and hedge funds.
Texas Instruments Inc. (NASDAQ:TXN) traded up 1.45% during midday trading on Friday, reaching $68.75. The company had a trading volume of 2,146,319 shares. The stock’s 50 day moving average is $69.31 and its 200 day moving average is $64.00. Texas Instruments Inc. has a one year low of $46.73 and a one year high of $72.58. The company has a market capitalization of $68.97 billion, a PE ratio of 23.16 and a beta of 1.32.
Texas Instruments (NASDAQ:TXN) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.03. The company earned $3.27 billion during the quarter, compared to analysts’ expectations of $3.20 billion. Texas Instruments had a net margin of 23.89% and a return on equity of 30.14%. Texas Instruments’s revenue was up 1.3% on a year-over-year basis. During the same period last year, the company posted $0.65 EPS. Equities research analysts forecast that Texas Instruments Inc. will post $3.06 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on TXN shares. Royal Bank Of Canada cut their price objective on Texas Instruments from $68.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, July 1st. Zacks Investment Research lowered Texas Instruments from a “hold” rating to a “sell” rating in a research note on Monday, July 18th. B. Riley restated a “neutral” rating and set a $69.00 price objective on shares of Texas Instruments in a research note on Tuesday, July 26th. Cowen and Company raised their price objective on Texas Instruments from $60.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Finally, Mizuho raised their price objective on Texas Instruments from $57.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $69.32.
In related news, insider Bing Xie sold 11,565 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $69.12, for a total transaction of $799,372.80. Following the completion of the sale, the insider now directly owns 187,370 shares in the company, valued at $12,951,014.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Cynthia Hoff Trochu sold 20,506 shares of the business’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $70.65, for a total transaction of $1,448,748.90. Following the sale, the senior vice president now owns 61,150 shares of the company’s stock, valued at $4,320,247.50. The disclosure for this sale can be found here. 1.02% of the stock is currently owned by company insiders.
About Texas Instruments
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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