Texas Instruments Incorporated (TXN) Position Trimmed by QS Investors LLC

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QS Investors LLC trimmed its holdings in shares of Texas Instruments Incorporated (NASDAQ:TXN) by 38.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,367 shares of the semiconductor company’s stock after selling 77,379 shares during the period. QS Investors LLC’s holdings in Texas Instruments were worth $11,942,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. SevenBridge Financial Group LLC grew its stake in Texas Instruments by 24.4% in the fourth quarter. SevenBridge Financial Group LLC now owns 2,813 shares of the semiconductor company’s stock valued at $266,000 after purchasing an additional 551 shares in the last quarter. LMR Partners LLP purchased a new position in Texas Instruments in the fourth quarter valued at about $2,558,000. Foresters Investment Management Company Inc. purchased a new position in Texas Instruments in the fourth quarter valued at about $18,461,000. Geode Capital Management LLC grew its stake in Texas Instruments by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 12,920,679 shares of the semiconductor company’s stock valued at $1,219,104,000 after purchasing an additional 240,456 shares in the last quarter. Finally, Captrust Financial Advisors grew its stake in Texas Instruments by 24.0% in the fourth quarter. Captrust Financial Advisors now owns 6,767 shares of the semiconductor company’s stock valued at $639,000 after purchasing an additional 1,310 shares in the last quarter. 83.78% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have commented on TXN shares. Morgan Stanley restated an “equal weight” rating and issued a $100.00 target price (down previously from $103.00) on shares of Texas Instruments in a research note on Thursday, January 24th. BidaskClub downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research note on Friday, January 25th. ValuEngine downgraded Texas Instruments from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. BMO Capital Markets reiterated a “buy” rating and set a $120.00 price target on shares of Texas Instruments in a research note on Thursday, January 24th. Finally, DZ Bank downgraded Texas Instruments from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and ten have given a buy rating to the company. Texas Instruments currently has an average rating of “Hold” and a consensus price target of $108.74.

In related news, insider Hagop H. Kozanian sold 7,800 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $100.74, for a total transaction of $785,772.00. Following the sale, the insider now directly owns 45,159 shares in the company, valued at approximately $4,549,317.66. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Richard K. Templeton sold 90,842 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $101.14, for a total value of $9,187,759.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 256,061 shares of company stock valued at $26,536,471. 0.84% of the stock is currently owned by insiders.

Shares of NASDAQ:TXN opened at $109.92 on Friday. Texas Instruments Incorporated has a twelve month low of $87.70 and a twelve month high of $118.48. The company has a market cap of $100.51 billion, a P/E ratio of 20.28, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18. The company has a quick ratio of 2.38, a current ratio of 3.27 and a debt-to-equity ratio of 0.48.

Texas Instruments (NASDAQ:TXN) last announced its earnings results on Wednesday, January 23rd. The semiconductor company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.03. Texas Instruments had a return on equity of 53.05% and a net margin of 35.35%. The firm had revenue of $3.72 billion during the quarter, compared to the consensus estimate of $3.75 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.21 earnings per share for the current fiscal year.

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About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.

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Institutional Ownership by Quarter for Texas Instruments (NASDAQ:TXN)

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