SVB Wealth LLC Sells 605 Shares of Texas Instruments Incorporated (NASDAQ:TXN)

SVB Wealth LLC lessened its stake in Texas Instruments Incorporated (NASDAQ:TXN) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,651 shares of the semiconductor company’s stock after selling 605 shares during the quarter. SVB Wealth LLC’s holdings in Texas Instruments were worth $2,497,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Salem Investment Counselors Inc. lifted its stake in Texas Instruments by 16.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 417 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 60 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Texas Instruments by 2.8% in the first quarter. International Assets Investment Management LLC now owns 2,266 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 61 shares during the last quarter. Polar Capital Holdings Plc lifted its position in shares of Texas Instruments by 0.6% during the first quarter. Polar Capital Holdings Plc now owns 9,822 shares of the semiconductor company’s stock valued at $1,802,000 after purchasing an additional 63 shares in the last quarter. Riverview Trust Co boosted its holdings in Texas Instruments by 57.4% during the third quarter. Riverview Trust Co now owns 181 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 66 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its holdings in Texas Instruments by 3.1% during the fourth quarter. Howard Financial Services LTD. now owns 2,177 shares of the semiconductor company’s stock worth $371,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 84.99% of the company’s stock.

Analyst Upgrades and Downgrades

TXN has been the topic of several recent analyst reports. KeyCorp lifted their target price on shares of Texas Instruments from $180.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. UBS Group raised Texas Instruments from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $170.00 to $195.00 in a research report on Friday, January 19th. TD Cowen upped their price objective on Texas Instruments from $145.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Mizuho lowered their target price on Texas Instruments from $170.00 to $164.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 24th. Finally, Susquehanna reduced their price target on shares of Texas Instruments from $205.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Texas Instruments presently has a consensus rating of “Hold” and a consensus price target of $176.68.

Insider Buying and Selling

In other news, Director Mark A. Blinn sold 1,744 shares of the stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $159.85, for a total value of $278,778.40. Following the sale, the director now directly owns 11,693 shares of the company’s stock, valued at $1,869,126.05. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by insiders.

Texas Instruments Stock Performance

Shares of TXN stock opened at $165.70 on Thursday. The firm’s 50 day moving average is $168.09 and its 200 day moving average is $161.71. The stock has a market capitalization of $150.80 billion, a P/E ratio of 23.47, a PEG ratio of 3.61 and a beta of 1.04. Texas Instruments Incorporated has a 12 month low of $139.48 and a 12 month high of $188.12. The company has a current ratio of 4.55, a quick ratio of 3.35 and a debt-to-equity ratio of 0.63.

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

Texas Instruments Profile

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.